Yep.....the oil pressure sending unit. I tell others to look closely at that when they have an oil leak that they can't find. Typically when the engine is running, the oil can actually spray out from around the crimped-on metal housing, or from around the tab that the wire connector plugs onto........it can be hard to see if it is a very fine misty spray, other than the fact that oil gets everywhere! Here is a cleaner picture of the oil sender.