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Brazil's Petrobras sells $25 million stake in oil, gas field

Reuters

SAO PAULO (Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA) said on Wednesday it had signed a contract to sell its 20 percent stake in the Bijupira and Salema oil and gas fields for $25 million (16 million pounds).

The fields, operated by Royal Dutch Shell Plc (RDSa.L), are located in the Campos Basin. Petrobras is trying to sell $15.1 billion worth of assets this year and next to pay down debts.

(Reporting by Caroline Stauffer; Editing by Lisa Shumaker)