The Gas-Oil Ratio (GOR) is a crucial production parameter in oil reservoirs. An increase in GOR results in higher gas production and lower oil production, potentially leading to well shut-ins due to economic infeasibility. This study focuses on a real fractured oil field that requires urgent production operations to reduce the producing GOR. In this study, the static model for the field was developed using commercial software, involving steps such as data collection, fault modeling, meshing, and statistical analysis to prepare for dynamic simulation. The dynamic model incorporates geometry, gridding, and rock properties from the static model, utilizing a dual-porosity approach for the naturally fractured reservoir and the Peng-Robinson equation for fluid phase behavior. Initial reservoir conditions, production history, and rock-fluid interactions were defined, with relative permeability curves indicating a water-wet reservoir and low critical gas saturation affecting the GOR. To better understand the relationship between reservoir and production parameters, a detailed sensitivity analysis was performed using the Response Surface Methodology (RSM). Following the sensitivity analysis, a history matching process was conducted using the Designed Exploration and Controlled Evolution (DECE) optimizer to validate the model for future forecasts. Six operational scenarios were defined to decrease the production GOR and enhance final recovery from the field. The results indicate that the water injection scenario is effective in preventing the GOR increase by maintaining reservoir pressure, thereby sustaining production over a longer period. This scenario also improves oil recovery by approximately 6% compared to the base case. Finally, optimization was carried out using the DECE optimizer for each scenario to fine-tune the operational parameters. The goal was to maximize oil revenue for each scenario during the optimization process. This study stands out as one of the few that provides a comprehensive analysis of production behavior and development planning for a real fractured reservoir with high producing GOR.