In anisotropic media, the short-spread stacking velocity is generally
different from the root-mean-square vertical velocity. The influence o
f anisotropy makes it impossible to recover the vertical velocity (or
the reflector depth) using hyperbolic moveout analysis on short-spread
, common-midpoint (CMP) gathers, even if both P- and S-waves are recor
ded. Hence, we examine the feasibility of inverting long-spread (nonhy
perbolic) reflection moveouts for parameters of transversely isotropic
media with a vertical symmetry axis. One possible solution is to reco
ver the quartic term of the Taylor series expansion for t(2) - x(2) cu
rves for P- and SV-waves, and to use it to determine the anisotropy. H
owever, this procedure turns out to be unstable because of the ambigui
ty in the joint inversion of intermediate-spread (i.e., spreads of abo
ut 1.5 times the reflector depth) P and SV moveouts. The nonuniqueness
cannot be overcome by using long spreads (twice as large as the refle
ctor depth) if only P-wave data are included. A general analysis of th
e P-wave inverse problem proves the existence of a broad set of models
with different vertical velocities, all of which provide a satisfacto
ry fit to the exact traveltimes. This strong ambiguity is explained by
a trade-off between vertical velocity and the parameters of anisotrop
y on gathers with a limited angle coverage. The accuracy of the invers
ion procedure may be significantly increased by combining both long-sp
read P and SV moveouts. The high sensitivity of the long-spread SV mov
eout to the reflector depth permits a less ambiguous inversion. In som
e cases, the SV moveout alone may be used to recover the vertical S-wa
ve velocity, and hence the depth. Success of this inversion depends on
the spreadlength and degree of SV-wave velocity anisotropy, as well a
s on the constraints on the P-wave vertical velocity.