The invention discloses a communication coding method for a marine oil exploration acoustic locating transponder, and belongs to the technical field of the seaborne geophysical exploration. The communication coding method for the marine oil exploration acoustic locating transponder comprises the following steps: generating a source code, generating a combination code, and generating a final code, wherein in the step of generating the source code, c is a feedback coefficient and is also a characteristic multinomial coefficient, the values of the coefficients can be ''1'' or ''0'', ''1'' represents that a feedback branch is communicated, ''0'' represents that the branch is cut off, the period of a shifting register output sequence can be changed if the connection states of feedback lines are different, and the value of c determines the feedback connection and the sequence structure of the shifting register; in the step of generating the combination code, firstly, a source code optimization pair is optimized, and the combination code is obtained; and in the step of generating the final code, according to the relevant characteristic, the amount of the combination code and the balance of the combination code, selection is carried out to generate the final code. According to the communication coding method for the marine oil exploration acoustic locating transponder, which is disclosed by the invention, the noise of a receiver is lowered, the signal to noise ratio of the receiver is improved, and meanwhile, the problem of mutual interference due to the fact that a plurality of transponders simultaneously response can be effectively overcome.