June 3 (Reuters) - Venezuela selected global law firm Hogan Lovells as legal advisor in what will be one of the largest sovereign debt restructurings on record, according to filings with the Justice Department.

Washington issued a narrow license in April to allow services linked to potential debt restructuring under ongoing sanctions. Venezuela announced last month its intention to quickly move to restructure its debt and that of Petroleos de Venezuela, and hired Centerview Partners as its financial advisor for the process.

Analysts estimate total liabilities could exceed $150 billion.

• Hogan Lovells registered the Bolivarian Republic of Venezuela as a new client in a Foreign Agents Registration Act (FARA) amendment received by the Justice Department after market hours on May 29.

• The filings say Hogan personnel may communicate with U.S. government officials on Venezuela's behalf in connection with the potential debt restructuring.

• The legal mandate includes coordination with financial advisers, consultants and non-U.S. counsel, underscoring the cross-border legal complexity of any eventual debt deal.

• The FARA package does not specifically mention PDVSA, whose obligations are part of Caracas' broader debt overhaul.

• The filings show Hogan will be paid standard hourly rates for work for Venezuela’s Ministry of Economy and Finance, while the Venezuelan embassy in Washington agreed to a $100,000 monthly retainer plus reasonable expenses, with $800,000 scheduled in 2026 payments through year-end.

• Republican Norm Coleman, a former US senator, is among the Hogan Lovells personnel registered to perform work for Venezuela.