This could be as simple as a faulty sender unit - replacements aren't too expensive I believe.
To be 100% sure that you don't have an oil pressure problem, I would temporarily fit an oil pressure gauge. A mechanical gauge is simple but difficult to read while driving unless you have a long tube from the engine to the gauge....
VDO used to make a kit which consists of an electrical sender unit and a gauge (of different required pressures) which can show you real time pressures while driving. I fitted one to my Ducati (temp installation) and SAAB (permanent installation) with good results. It will be a bit of buggering about with some wiring to the sender unit, but its well worth it for the piece of mind.
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2001 Boxster S (triple black). Sleeping easier with LN Engineering/Flat 6 IMS upgrade, low temp thermostat & underspeed pulley.
2001 MV Agusta F4.
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