The present invention relates to overpressure protection systems and methods for use on a production system for transferring hydrocarbons from a well on the seafloor to a vessel floating on the surface of the sea. The production system includes a subsea well in fluid communication with a turret buoy through a production flowline and riser system. The turret buoy is capable of connecting to a swivel located on a floating vessel. The overpressure protection device is positioned upstream of the swivel, to prevent overpressure of the production swivel and downstream components located on the floating vessel. The device may include one or more shut down valves, one or more sensors, an actuator assembly, and a control processor.