UPDATE 2-Ecuador says Petrobras to rework oil contract

(Adds minister comments, details and Petrobras output)

QUITO, Oct 2 (Reuters) - Brazil's Petrobras (PETR4.SA) has agreed to renegotiate its oil contract with the Ecuadorean government, which is seeking to bolster state revenues, Ecuador's Oil Minister Galo Chiriboga said on Tuesday.

Left-wing President Rafael Correa has said he wants to rework foreign petroleum contracts in South America's No.5 oil producer, but he said this week that those negotiations should be done on an amicable way.

Spain's Repsol YPF (REP.MC), France's Perenco and China's Andes Petroleum have already agreed with Ecuador to rework their contracts. The government says it wants to improve its participation to better its share of revenues.

"I'm going to ask for a bigger state share in production and oil revenues," Chiriboga told reporters in a press conference.

He said the government was reviewing current levels of state participation in each contract to renegotiate on a case-by-case basis.

Petrobras produces around 32,000 barrels of oil per day. A company spokesman was not immediately available for comment.

Repsol extracts about 65,000 barrels per day of crude oil from Ecuador while Andes Petroleum, a consortium led by PetroChina (0857.HK), produces around 42,000 bpd.