The present study examines the sequential optimization of total lifting-gas allocation into multiple producing wells via linear programming for the maximization of oil production in a mature field located in Russia. Because the injection rate of lifting gas depends on the well production status, the ten-year gas lift schedule is determined by performing the gas lift optimization on a sequential, bi-weekly basis. For each short-term production optimization, the linear programming is solved by considering four operating parameters (e.g., tubing head pressure, bottom hole pressure, oil production rate, and gas lifting rate) which are calculated via high-fidelity reservoir simulation runs. Compared to the constant rate injection case, the optimal injection case increases the cumulative oil production by 14% at the same expenditure. These numerical results indicate that the sequential short-term optimization of the gas lift can be a practical approach towards boosting the asset value of a mature oil field with consideration for the well production status. • A workflow is presented to maximize oil production under gas lift with sequential short-term optimization using linear programming. • The workflow overcomes computational limitations in solving an optimization problem under tremendous parameters. • We prove the effectiveness of the workflow with application to an offshore field operation in Russia. • An economic-technical concept is considered to maximize the asset value requiring new installations (e.g., compressor). • We update the gas lift injection rate of each producer bi-weekly and succeed in increasing oil production by 14%. [ABSTRACT FROM AUTHOR]