Locate the oil pressure sending unit; it’s located on the driver-side top rear of the engine between the firewall and the intake. Release the locking clip from the top of the oil sending unit.

The good news is that the problem is most likely ascribable to your Corvette's oil-pressure sending unit (or "OPSU," in mechanic-speak), which commonly fails on the '97-'04 models, and not to some ...