At present, it is necessary to use Walkaway VSP logging imaging data to drill horizontal shale gas wells in exploration areas lacking three-dimensional seismic data. Walkaway VSP logging imaging profile can delineate the formation structure around wells, obtain detailed information of dip, inclination and fault around wells, and guide the trajectory design of horizontal wells. But VSP logging is richer and more complex than conventional seismic data. The precondition of up-going wave imaging is to separate up-going P-wave or converted S-wave from complex wave field. Nowadays, most vector synthesis techniques can not completely separate up-going P-wave from up-going converted wave, which affects the accuracy of final imaging results. In order to achieve the best wave field separation effect of VSP logging data, the point-by-point vector synthesis technique is adopted. Firstly, the directional rotation synthesis of horizontal components is carried out according to the maximum energy criterion. Then the rotational synthesis of horizontal and vertical components uses ray tracing based on velocity model to estimate the polarization angle of time-varying upward reflected P-wave or converted wave. The method of “velocity fine-tuning scanning” is applied to search for the best synthesis angle, and the point-by-point vector synthesis is carried out by calculating the time-varying polarization angle. Finally, the best separation effect data are selected as the final vector synthesis result. This technique solves the problem that conventional vector synthesis cannot completely separate up-going P-wave from up-going converted S-wave. Upward P-waves acquired after separation has clear characteristics, more continuous phase axis and good fidelity processing effect, which lays a solid foundation for fine imaging of target formation in the study area and has become an indispensable key supporting technology for optimizing the trajectory of horizontal wells in shale gas development in Sichuan Basin.