The strike-slip fault-controlled ultra-deep fractured-vuggy carbonate reservoir is an increasingly important exploration target. However, the high heterogeneity of fault-controlled reservoirs and the ineffective methods available for pressure prediction make it difficult to assess the risk of potential overpressure in ultra-deep carbonate reservoirs. Abnormal overpressure is common in the ultra-deep strike-slip fault-controlled carbonate reservoirs in the Shunbei Oilfield of the Tarim Basin. According to measured pressures, petroleum accumulation history, and fault framework, this study investigates the generation mechanisms of overpressure in fault-controlled carbonates and reconstructs the pressure evolution of reservoirs. Finally, the effect of strike-slip faults on current overpressure distribution is discussed. Measured pore pressure data from 90 wells showed that all reservoirs present in the major fault zones are normally pressured, and the reservoirs present far away from the major faults commonly develop overpressures. The distribution patterns of overpressure in the Middle-Lower Ordovician reservoirs coincide with areas with fault reactivation during the Himalayan Period. The results of the comprehensive analysis of petroleum accumulation history, fault activity, and well production suggested that dry gas generation is a primary cause of overpressure in the Middle-Lower Ordovician reservoirs. The relatively low temperature in the reservoir, in addition to the highly compartmentalized nature of overpressure, indicated that these overpressured gas migrate vertically into the Ordovician formation from deep strata along strike-slip faults. The pressure evolution restored by basin modelling and fluid inclusion showed that distinct differences in overpressure magnitude in the different reservoirs were formed at the stage of gas charging but not at the early stages of oil accumulation. The difference in physical properties of the two types of fault-controlled reservoirs resulted in different pressure distributions and oil-bearing levels in the ultra-deep carbonate reservoirs at present. The strike-slip fault zones are the primary pathways by which overpressured fluids migrate from the deeper Cambrian formation into the Ordovician reservoirs and act as barriers to separate the pressure systems in the ultra-deep carbonate reservoirs. These findings are expected to help mitigate the drilling risks with overpressure in deep strike-slip fault-controlled carbonate reservoirs.