Floating Production Storage & Offloading ship uses ABB systems to control entire production from reservoir to wellhead to vessel. FPSO Peregrino, one of the biggest, most technologically advanced oil production ships in the world, was converted at a cost of more than US$1-billion from a VLCC tankship to function as a FPSO having been acquired by Statoil and permanently moored off the coast of Brazil. This FPSO vessel has a daily production capacity of 100,000 barrels of oil, 350,000 barrels of liquid and 7.3 million standard cubic feet of gas.