So at this point that is probably correct. The oil pressure is created by the pump pushing oil through the tight passages in the engine and bearings. So when the clearance is too large and the oil gets hot and thins out the pump can no longer keep the pressure up.
At this point, I would try using an oil thickener like Lucas oil stabilizer or similar. You will need to drain the some oil out and add this in or just change the oil and add the proper amount as it says on the bottle.
Also, I would be careful to just use thicker oil as in cold weather it will not protect as well. This additive is designed to operate in different temperatures.
Wednesday, March 17th, 2021 AT 6:58 PM