To find it precisely:
1. Consult a repair manual: A factory service manual specific to your Oldsmobile 88's year and engine is the most reliable source. It will show a diagram with the exact location.
2. Look at the oil pan: The sending unit is usually a small, cylindrical device with one or more wires attached. It's often located on the side or bottom of the oil pan, near the oil filter (but not always directly adjacent).
3. Follow the wires: If you can locate the wires going to your oil pressure gauge, you can trace them back to the sending unit.
Important Note: Working under a car can be dangerous. Ensure the car is properly secured on jack stands and the engine is cool before attempting to locate the sending unit.