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"partially offset" is correct, and it can be used in written English
For example: "The new tax plan is expected to partially offset the costs of health care reform."
Exact(58)
An increase in transport prices partially offset the effect.
Losses were partially offset by gains on disposals.
Any reductions, however, will be at least partially offset.
The group said this would be partially offset by insurance recoveries of up to £20m.
Higher prices were partially offset by a drop in fuel consumption.
This is still an increase, but an increase, the company admits, "partially offset by lower ratings".
Like-for-like sales and gross margin assumptions are increased, partially offset by higher operating costs.
The benefits gained from lower fuel prices have been partially offset by the stronger US dollar".
This was partially offset by a solid bounce in consumers' views about their financial position.
That was partially offset by upward pressure on prices from furniture, household appliance, toys and food.
But this imbalance was partially offset by another component of trade: services.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com