You are correct that it is going to be near the oil filter. Basically, it is on the oil filter housing if it is equipped.
It is not clear on the 5.4L if it has the cooler but if you look at the oil filter housing and it has two lines running from it then that is the cooler.
Here is a guide that will help with changing the oil if others that visit this post need that info as well:
https://www.2carpros.com/articles/how-to-change-engine-oil-and-filter
I attached a picture below of what it will look like so please run through this and let us know if you need other info.
Here are some guides that help with this issue.
https://www.2carpros.com/articles/coolantantifreeze-in-the-engine-oil
Thanks
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Saturday, January 29th, 2022 AT 12:33 PM