CORRECTED-RPT-Brazil's Petrobras offers to sell up to 10 pct of coveted offshore oil field

miércoles 9 de diciembre de 2015 09:18 GYT

(Changes amount Petrobras paid for Libra stake to 6 billion reais from $7 billion in paragraph 8)

* Petrobras plans to reduce its 40 pct stake in Libra field

* Sale could fetch up to $1.5 bln -analysts

By Ron Bousso and Jeb Blount

LONDON/RIO DE JANEIRO, Dec 9 (Reuters) - Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry, two industry sources said on Tuesday.

The stake could fetch up to $1.5 billion, according to analysts at Macquarie, and is likely to attract international oil companies keen to expand in one of the world's fastest-developing oil basins.

Petroleo Brasileiro SA, as Petrobras is formally known, is targeting $15.1 billion in disposals by the end of next year but has struggled to sell assets in less attractive prospects off Brazil and in the Gulf of Mexico.

Chief Executive Aldemir Bendine has told Brazil's congress that the company will not be able to meet repayment obligations on its debt of more than $130 billion and maintain a $19 billion investment plan next year unless it hits the disposal target.

The company is now offering sought-after oil prospects in the so-called sub-salt areas in the Santos basin south of Rio de Janeiro, several industry sources said. These areas contain vast reserves trapped deep beneath the sea bed by a layer of mineral salts.   Continuación...