Yes, it's the same force. The net downward force on any object immersed in air or water, or any other fluid, is the difference between the weight of the object and the weight of the fluid that would otherwise fill up the volume that's currently occupied by the object. So it's a buoyant force (i.e. upward) if the object is less dense than the fluid.
Generally speaking, the difference between the pressures at two points in a fluid that are separated by a height [math]h[/math] is equal to [math]\rho g h[/math], where [math]\rho[/math] is the fluid's density. It's just the weight of any column of fluid of height [math]h[/math] divided by the column's cross-sectional area.1 If you integrate that difference over a submerged object's horizontal cross section, calculating [math]h[/math] at each point from the vertical distance between the object's upper and lower surfaces above and below the point,2 you get the total weight of the displaced water, and the net upward force on the object is that force minus the object's weight.
1 For a tall object in a gas (e.g. air), you may have to take the gas's altitude-dependent density into account.
2 Of course, this assumes the surfaces aren't too convoluted, i.e. it assumes there's no fluid in the space between the upper and lower surfaces. If there are any holes in the sides of the object, you'll have to compensate for them in the same way, by calculating the volumes of water in them and subtracting their weights from the total.