What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
Early on 9/17/2015, Cessna N9851Z, TU206G, s/n U20606701 (on amphibious floats) was in cruise at 5500 ft. near Madison, Maine, when they experienced an engine problem. Pilot initially noticed a partial loss of power with reduced manifold pressure. The engine oil pressure dropped off to zero and then the engine failed. He declared an emergency on 121.5 and made a successful emergency landing on lake Wesserunsett. Three people onboard, no injuries and no damage to the aircraft. The left lower fuselage was covered with oil. Initial removal of the engine cowl revealed a hole in the top of the left crankcase half, indicating a connecting rod failure.
During the subsequent removal of the engine, the mechanic (privacy data omitted) found the braided steel flex oil line (p/n AE7010000E0310), was damaged and leaking between the engine oil pump and the turbo charger. It appears that all the engine oil was pumped out through the damaged oil line which eventually led to the connecting rod failure.
This Continental engine, model tsio 520 M8B, s/n 825658R has only 680 hours of operation since a factory remanufacture in November of 2004.
As the FAA filed it
EARLY ON 9/17/2015, CESSNA N9851Z, TU206G, S/N U20606701 (ON AMPHIBIOUS FLOATS) WAS IN CRUISE AT 5500 FT. NEAR MADISON, MAINE, WHEN THEY EXPERIENCED AN ENGINE PROBLEM. PILOT INITIALLY NOTICED A PARTIAL LOSS OF POWER WITH REDUCED MANIFOLD PRESSURE. THE ENGINE OIL PRESSURE DROPPED OFF TO ZERO AND THEN THE ENGINE FAILED. HE DECLARED AN EMERGENCY ON 121.5 AND MADE A SUCCESSFUL EMERGENCY LANDING ON LAKE WESSERUNSETT. THREE PEOPLE ONBOARD, NO INJURIES AND NO DAMAGE TO THE AIRCRAFT. THE LEFT LOWER FUSELAGE WAS COVERED WITH OIL. INITIAL REMOVAL OF THE ENGINE COWL REVEALED A HOLE IN THE TOP OF THE LEFT CRANKCASE HALF, INDICATING A CONNECTING ROD FAILURE.
DURING THE SUBSEQUENT REMOVAL OF THE ENGINE, THE MECHANIC (^PRIVACY DATA OMITTED^) FOUND THE BRAIDED STEEL FLEX OIL LINE (P/N AE7010000E0310), WAS DAMAGED AND LEAKING BETWEEN THE ENGINE OIL PUMP AND THE TURBO CHARGER. IT APPEARS THAT ALL THE ENGINE OIL WAS PUMPED OUT THROUGH THE DAMAGED OIL LINE WHICH EVENTUALLY LED TO THE CONNECTING ROD FAILURE.
THIS CONTINENTAL ENGINE, MODEL TSIO 520 M8B, S/N 825658R HAS ONLY 680 HOURS OF OPERATION SINCE A FACTORY REMANUFACTURE IN NOVEMBER OF 2004.