The unit has been in use at the Statoil-operated Peregrino field in Brazil since production start-up in 2011. The global FPSO contractor BW Offshore will take over operation of the FPSO after a transition period of about six months. The Peregrino FPSO project was initiated in 2007 and the conversion from a very large crude carrier (VLCC) to a complex offshore oil production installation required more than 15 million labour hours and an investment in excess of USD 1 billion. At present the vessel is operating in the Campos Basin 85 km off Rio de Janeiro, Brazil.