Petrobras has difficulty in selling 10% of the Libra field.

Apparently, all participants of the Libra field, Shell, Total, CNPC and CNOOC, have turned down the opportunity to purchase an additional 10% held by Petrobras. Having giving the participants first right of refusal, Petrobras will need to look elsewhere for a buyer. Might prove to be a difficult task in today’s market.