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Sounds like your car has one or more melted rod and/or main bearings and requires a complete overhaul. I would rebuild the engine myself, but I would not recommend that to anyone who has no experience on engine rebuilds and does not have the required tools. IMHO, it makes no sense to spend ~20k on a 2001 Porsche. So that leaves you two options: get a used engine or just sell it as a roller. Used engines are available from 2k pulled from a working car. If you buy one, you can do a minimal work on it, swap the new parts from your dead engine, like flywheel and clutch, I would inspect the IMS and leave it as is if looks fine, I would definitely replace the chain pads in the head and put the engine back on. You`ll have some risk that it will fail in the future, but it`s way more likely that it won`t, and it will cost a fraction of a professionally reuilt engine.
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