Renewable energy resources emerge as a sustainable alternative to augmenting the energy supply of floating production storage and offloading (FPSO) platforms. However, the increased generation at FPSO based on converter-interfaced energy decreases the system-equivalent inertia constant, which becomes more susceptible to frequency deviations. This paper proposes and evaluates the combined frequency-voltage-var control performance to mitigate frequency variation in a typical FPSO unit with penetration of floating wind energy generation. The control functions are communication-free and embedded in the active front-end variable frequency drives (AFE-VFDs), which are installed on the FPSO and have the primary function of controlling the speed of water injection pumps. The FPSO electrical power system model is developed in MATLAB/Simulink®. Comparative results obtained from the AFE-VFD equipped with volt-var, freq-var, and combined freq-volt-var functions are shown to highlight the proposed solution merits. The results have shown a conflicting behavior with the frequency and voltage deviation improvement associated with absorption and injection of reactive power, respectively. Accordingly, the frequency-volt-var prioritizes frequency deviations during heavy transient events and voltage deviations during regular operation.