As reported to the FAA. Reports are unverified, and codes are left as the FAA publishes them.
What was found
THE AIRCRAFT WAS CLIMBING AND THE NR 3 ENGINE OIL PRESSURE INDICATION STARTED TO DROP. AT 46 PSI IT WENT RED AND THE PILOT SHUTDOWN THE ENGINE AND LANDED THE AIRCRAFT. THE OIL LEVEL WAS IN LIMITS AND NO EXTERNAL LEAKS WERE FOUND. A DIRECT READING PRESSURE GAGE WAS INSTALLED AND SHOWED GOOD OIL PRESSURE AND THAT THE INDICATOR WAS READING LOW. A NEW OIL PRESSURE TRANSMITTER WAS INSTALLED AND CORRECTED THE LOW READING PROBLEM. (K)