The Tupi field reached the historic milestone of accumulated production of 2 billion barrels of oil equivalent, 20 years after the signing of the concession contract and 10 years after installing the first definitive production system. It is currently the deep waters field with the highest production worldwide and accounted for 28% of our production in 3Q20. In July, we reached the 150 kbpd production capacity on the P-67 platform, operating in this field. Tupi was also a pioneer in the development of the pre-salt layer and revealed the existence of a new exploratory model, previously unknown in the world.

We also progressed in the ramp-up of the P-68 platform, in Berbigão and Sururu fields, and P-70, in Atapu field, and we highlight the beginning of gas flow from P-70, on October 15, 2020.

Continuing with active portfolio management, concentrating resources on world-class assets in deep and ultra-deep waters, in 3Q20 we signed a contract to sell all of our stake in 3 shallow water fields and 37 onshore fields. Additionally, we completed the sale of our entire stake in the Pampo and Enchova clusters (Campos Basin), Lagoa Parda cluster (Espírito Santo Basin) and in the Ponta do Mel and Redonda fields (Potiguar Basin), for US$ 437 million in cash* and US$ 650 million in earn-outs that are expected to have a positive impact on the company's cash generation in the coming years. These fields produced 21.9 kbpd in the first six months of 2020, equivalent to 0.9% of our production.

In this quarter we carried out the additional mothballing of the Merluza platform, located in the Santos Basin, totaling 63 platforms in shallow water mothballed since March 2020. It should be noted that the Merluza cluster, composed of the Merluza and Lagosta fields, continues in the process of divestment, as disclosed on March 31, 2020.