1. A method for determining petrophysical properties of a subterranean layer comprising the computer implemented steps of: (1) providing at least one reference seismic trace corresponding to at least one reference lateral location and at least one nonreference seismic trace corresponding to at least one nonreference lateral location offset from said at least one reference lateral location, wherein each of the seismic traces results from the detection of the reflection of at least one seismic pulse as generated by at least one seismic source, and wherein each of the seismic traces includes a pair of reflection events respectively corresponding to the upper and lower boundaries of a subterranean layer of interest; (2) providing a velocity log and a density log, which together comprise a reference log-pair, for the layer at said at least one reference lateral location so as to provide at least one reference-log pair having associated therewith at least one corresponding known value of at least one petrophysical property of the layer; (3) determining at least one reference reflection coefficient based on said at least one corresponding reference log-pair; (4) providing at least one, seismic wavelet which is representative of said at least one seismic pulse at the layer and which when convolved with said at least one reference reflection coefficient produces at least one reference synthetic seismogram which approximates said at least one reference seismic trace; (5) deriving a set of a predetermined number of modified log-pairs, wherein each modified log-pair is different from one another and comprises a velocity log and a density log, each of which logs is a modified version of the respective velocity log and density log of said at least one reference log-pair, and wherein each of the modified log-pairs has associated therewith at least one value of said at least one petrophysical property of the layer which is different than said at least one known value of said at least one petrophysical property and wherein such modified log-pairs are representative of probable variations of said at least one petrophysical property for said at least one nonreference lateral location; (6) determining a modified reflection coefficient based on the velocity log and density log of each of the modified log-pairs to thereby result in a number of modified reflection coefficients equivalent to the predetermined number of modified log-pairs; (7) convolving each of the modified reflection coefficients with said at least one seismic wavelet to produce a modified synthetic seismogram for each of the modified reflection coefficients to thereby result in a number of modified synthetic seismograms equivalent to the predetermined number of modified log-pairs, each of the modified synthetic seismograms having reflect ton events corresponding to the upper and lower boundaries of the layer and also having associated therewith at least one value of said at least one petrophysical property associated with the corresponding modified log-pair; (8) comparing a comparison window of said at least one nonreference seismic trace to a corresponding comparison window of each of the modified synthetic seismograms, where each comparison window includes the reflection events corresponding to the upper and lower boundaries of the layer; (9) selecting those modified synthetic seismograms which match said at least one nonreference seismic trace sufficiently in step (8) to pass at least one predetermined matching threshold; (10) assigning to said at least one nonreference seismic trace the values of said at least one petrophysical property corresponding to the respective modified synthetic seismograms selected in step (9), thereby providing a range of values of said at least one petrophysical property associated with said at least one nonreference seismic trace and said at least one corresponding nonreference lateral location of the layer.