Narrative:

During climb out, #1 engine oil quantity dropped rapidly to zero. The oil pressure also dropped rapidly following the oil quantity and continued below the red line. The engine was shut down and subsequent landing made at the nearest suitable airport because of familiarity, closeness, and VFR WX. On postflt of #1 engine, oil was found throughout interior of nacelle aft of fan and on top of exhaust cone.

Google
 

Original NASA ASRS Text

Title: B737-300 CREW HAD #1 ENG FAIL IN ZOA CLASS A AIRSPACE.

Narrative: DURING CLBOUT, #1 ENG OIL QUANTITY DROPPED RAPIDLY TO ZERO. THE OIL PRESSURE ALSO DROPPED RAPIDLY FOLLOWING THE OIL QUANTITY AND CONTINUED BELOW THE RED LINE. THE ENG WAS SHUT DOWN AND SUBSEQUENT LNDG MADE AT THE NEAREST SUITABLE ARPT BECAUSE OF FAMILIARITY, CLOSENESS, AND VFR WX. ON POSTFLT OF #1 ENG, OIL WAS FOUND THROUGHOUT INTERIOR OF NACELLE AFT OF FAN AND ON TOP OF EXHAUST CONE.

Data retrieved from NASA's ASRS site as of July 2007 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.