BOTH are wrong, the dash only reads the sending unit from the engine. Power drive the oil sensor on the dash and that power is only supplied form the engine. It either does not have a feed, or is sensing one.
You should also have a horn or beeper going off also.
This is apparently an repower and we suspect there is no horn on the ignition switch?
If you turn your key on you should hear an audible horn warning tone beep – beep – beep?
If not, then your horn is not conencted from the rengine to your beeper?
If so then the other issue, is that the power supply to the dash has been disconnected becasue someone didn’t know where or how to wire it.
Let us know how we can help you more!
BCB