If the source project has a SRD (Seismic Reference Datum) that is different from the Petrel SRD then the following data types will be shifted during import:
Seismic horizons (time domain)
In order to know how much to shift the time values by you are prompted to supply a replacement velocity. This should be the linear average velocity for the interval between the two SRDs.
A default replacement velocity can be specified
in the Match Merge Option settings.
The default value will be used and the replacement velocity window will
not appear during import.