This session brings together innovative approaches and cutting-edge research aimed at optimizing production in the producing assets. From leveraging machine learning and artificial intelligence to integrating expert systems and hybrid models, the papers presented in this session showcase a diverse range of methodologies and technologies. Attendees will gain insights into production prediction, gas flow rate estimation, anomaly detection, survival analysis, and the quantification of geological and completion parameters' effects on well performance. Additionally, the advancements in production optimization through hybrid data-physics architectures and comparative analyses of completion and reservoir data will be discussed. Furthermore, the session will explore novel frameworks for engineering data augmentation, and graph-level feature embedding methods for interconnected well production forecasting. Join us to discover the latest advancements shaping the future of production optimization.