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Matching pursuit is a well-known algorithm that enables the decomposition of seismic signal with high temporal and frequency resolutions by adaptively extracting wavelets that locally match the signal. However, this method processes each trace independently and does not take into consideration the lateral continuity of the seismic data. In addition, this approach is very sensitive to subtle changes in the seismic signals leading to non-unique solutions. Furthermore, matching pursuit suffers from performance limitations. In this article, a new method is proposed in which geological lateral continuity is captured using a Relative Geological Time (RGT) model. This technique is a RGT-based multichannel matching pursuit which consists of extracting wavelets using the classical matching pursuit method and laterally propagating the extracted wavelets by following their respective RGT age. The method has been applied to the MAUI dataset, offshore New-Zealand. The results indicate that this method improves the lateral continuity while still respecting the geology. The computing time required to extract the iso-frequencies is tremendously lessened, and the extracted iso-frequencies are less sensitive to random noise.