A deployment and retrieval apparatus for ocean bottom seismic receivers, the apparatus being a remotely operated vehicle (ROV) having a carrier attached thereto and carrying a plurality of receivers. The carrier includes a frame in which is mounted a structure for seating and releasing the receivers. The structure may include a movable conveyor or fixed parallel rails or a barrel. The structure includes a discharge port on the frame and a discharge mechanism for removing and retrieving the receivers. A method for deployment and retrieval of ocean bottom seismic receivers includes the steps of loading a carrier with a plurality of receivers, attaching the carrier to an ROV, utilizing the ROV to transport the carrier from a surface vessel to a position adjacent the seabed and thereafter utilizing the ROV to remove receivers from the carrier and place the receivers on the seabed.