The invention discloses a method for utilizing two cranes on a saturation diving support vessel to mount a vertical pipe. The method is characterized by including the following steps: 1, transferring operating personnel to a barge; 2, mounting lower-section vertical pipe rigging; 3, experimentally hoisting the lower section of the vertical pipe by the cranes; 4, transferring the operating personnel back; 5, lifting the lower section of the vertical pipe by the cranes, and moving the barge out; 6, fixing the lower section of the vertical pipe on a rail of the barge by the cranes; 7, lowering the lower section of the vertical pipe into water, and maintaining the lower section of the vertical pipe vertical in the water; 8, loosening a main crane; 9, enabling an underwater robot to dive; 10, embedding the lower-section of the vertical pipe into a vertical pipe clamp for fixing; 11, repeating the above steps until the whole vertical pipe is mounted completely. By the method, only the saturation diving support vessel and a self-propelled barge are needed to perform mounting of a deepwater vertical pipe, so that requirements on vessel resources are greatly lowered, and working efficiency and economic benefit are improved.