When Monitored and Set Condition:
WARNING: This page is about a different car, the 2004 Dodge Pickup and 2004 Dodge Cab & Chassis. However, it is still accessible from the selected car via links, so may be relevant.
When Monitored: With the ignition key on and battery voltage above 10.4 volts.
Set Condition: The oil pressure sensor voltage at PCM goes below 0.1 of a volt for 0.5 of a second. One Trip Fault. Three good trips to turn off the MIL.