Geophysical joint inversion requires the setting of a few parameters for optimum performance of the process. However, there are yet no known detailed procedures for selecting the various parameters for performing the joint inversion. Previous works on the joint inversion of electromagnetic (EM) and seismic data have reported parameter applications for data sets acquired from the same dimensional geometry (either in two dimensions or three dimensions) and few on variant geometry. But none has discussed the parameter selections for the joint inversion of methods from variant geometry (for example, a 2D seismic travel and pseudo-2D frequency-domain EM data). With the advantage of affordable computational cost and the sufficient approximation of a 1D EM model in a horizontally layered sedimentary environment, we are able to set optimum joint inversion parameters to perform structurally constrained joint 2D seismic traveltime and pseudo-2D EM data for hydrocarbon exploration. From the synthetic experiments, even in the presence of noise, we are able to prescribe the rules for optimum parameter setting for the joint inversion, including the choice of initial model and the cross-gradient weighting. We apply these rules on field data to reconstruct a more reliable subsurface velocity model than the one obtained by the traveltime inversions alone. We expect that this approach will be useful for performing joint inversion of the seismic traveltime and frequency-domain EM data for the production of hydrocarbon.