This session presents the advancements in the field of production optimization by utilizing emerging downhole technologies, data analytics, and simulation-based system integration. It covers innovative techniques for optimizing production and real-time optimization strategies to prevent production decline, along with an integrated multiphase flow model for pressure forecasting. Additionally, monitoring techniques are discussed to address complex flow optimization challenges in both conventional and unconventional reservoirs. The session also presents novel numerical and mechanistic models to estimate key production parameters and pseudo-slug flow.