A pipe float is configured for receiving a pipe therein and providing buoyancy for maintaining the pipe along the surface of a body of water. The pipe float has an inner surface presenting a central passage adapted for receiving the pipe, the inner surface including a plurality of preferably substantially planar, longitudinally extending panels which provide a continuous inner surface. Adjacent panels are angularly oriented relative to one another, and the pipe float is preferably provided as a plurality of pipe float sections assembled together whereby one panel of a pipe float section is preferably oriented at an obtuse angle to an adjacent panel of that pipe float section. The panels may be of different transverse dimensions whereby the passage has a greater transverse dimension G which is substantially greater than a smaller transverse dimension S, with the outer diameter D of the pipe received in the passage being of a value equal to or smaller than G and greater than or equal to S.