A method of installing a production buoy at a subsea anchoring location is disclosed. The method includes floating a production buoy over a subsea anchoring location. Then, hanging at least a tether off the production buoy such that the or each tether extends from the production buoy towards the subsea anchoring location occurs. The method includes submerging the production buoy to a depth which allows connection of the or each tether to the subsea anchoring location. An apparatus suitable for use with this method is also provided.