Brazil’s state-run oil company, Petroleo Brasileiro SA, hopes to boost its value by nearly 50 percent by 2021, in part by putting more offshore oilfields up for sale. The oil assets in question include stakes in one of Brazil’s largest oilfields, the Marlim field, parts of the Papa-Terra field, its Bolivian assets, petrochem firm Braskem SA, and its remaining stake in BR Distribuidora. The parts of the Marlim field could fetch as much as $4 billion, while Braskem SA could net as much as $3 billion, Petrobras executives said in a presentation on Wednesday. If Petrobras succeeds in divesting these assets, it would add billions to its existing divestment program as it scrambles to get out from under its mountain of debt and focus on deepwater exploration in the pre-salt zone, where the majority of its expenses will be focused in the coming years. But the success of the […]