Narrative:

Flight engineer noticed #2 oil quantity dropping. About 2 mins later we noticed erratic oil pressure and fuel flow with an accompanied low oil pressure light. Ran the checklist and shut down #2 engine. Declared the emergency and requested a lower altitude for 2 engine flight (FL290) and distance to ZZZ; and ZZZ2. Elected to divert to ZZZ2 since the distance was 100 NM less than ZZZ; and the WX was good. Uneventful 2 engine descent; approach; and landing at ZZZ2. Initially advised by flight engineer that we would be under maximum landing weight; in the terminal area (less than 20 NM from landing) flight engineer later advised we would be 1500 pounds overweight at landing. Captain elected to not delay the landing resulting in a landing 1700 pounds overweight.

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Original NASA ASRS Text

Title: B727 FLT CREW HAS LOSS OF OIL QUANTITY; SECURES ENG; DECLARES EMER AND DIVERTS FOR LNDG.

Narrative: FE NOTICED #2 OIL QUANTITY DROPPING. ABOUT 2 MINS LATER WE NOTICED ERRATIC OIL PRESSURE AND FUEL FLOW WITH AN ACCOMPANIED LOW OIL PRESSURE LIGHT. RAN THE CHKLIST AND SHUT DOWN #2 ENG. DECLARED THE EMER AND REQUESTED A LOWER ALT FOR 2 ENG FLT (FL290) AND DISTANCE TO ZZZ; AND ZZZ2. ELECTED TO DIVERT TO ZZZ2 SINCE THE DISTANCE WAS 100 NM LESS THAN ZZZ; AND THE WX WAS GOOD. UNEVENTFUL 2 ENG DSCNT; APCH; AND LNDG AT ZZZ2. INITIALLY ADVISED BY FE THAT WE WOULD BE UNDER MAX LNDG WT; IN THE TERMINAL AREA (LESS THAN 20 NM FROM LNDG) FE LATER ADVISED WE WOULD BE 1500 LBS OVERWT AT LNDG. CAPT ELECTED TO NOT DELAY THE LNDG RESULTING IN A LNDG 1700 LBS OVERWT.

Data retrieved from NASA's ASRS site as of January 2009 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.