Disclosed are a method and apparatus for laying down, abandoning and/or recovering a pipe on the sea floor. During lay-down and abandonment, the pipe is lowered by a high capacity winch to an intermediate depth, at which the loading exerted by the pipe has dropped to within the rated capacity of a low capacity winch, to which the loading is then transferred. The high capacity winch line is then recovered to the attendant vessel and the pipe lowered to the sea floor using the low capacity winch. Pipe recovery is essentially a reversal of the above procedure.In this way, the length of the line of the high capacity winch is considerably reduced, which reduces the winch size and hence cost.