Method for moveout correction and stacking velocity estimation of offset VSP data

A method for moveout correcting and estimating stacking velocities for offset VSP data comprising the steps of:

• receiving vertical seismic profile data from an acoustic pulse receiver located in a borehole beneath the earth's surface and horizontally offset from any acoustic pulse generator on the surface causing reflected acoustic pulses to be received by said acoustic pulse receiver or receiving vertical seismic profile data from acoustic pulse receivers located on the earth's surface horizontally offset from a borehole containing an acoustic pulse generator causing reflected acoustic pulses to be received by said acoustic pulse receivers located on the earth's surface;
• applying a dynamic moveout correction based on the two-way primary reflection time, the root mean square acoustic velocity in the formation, and the first arrival time of direct path acoustic pulses to the vertical seismic profile data to align reflection events;
• estimating stacking velocities of reflected acoustic pulses;
• displaying said moveout corrected vertical seismic profile data.