Why is my BMW X3 dashboard showing an engine oil leak warning?

I recently purchased a BMW X3 and noticed that my dashboard is showing an engine oil leak warning. I am concerned about the safety and maintenance of my car. What could be causing this issue and what steps should I take to address it?

First of all, don't panic. Engine oil leaks are a common issue in BMW X3s but they can be resolved easily. The most common cause of an engine oil leak is a faulty oil filter housing gasket. It is recommended to take your car to a certified mechanic and have them inspect and replace the gasket if needed. This will prevent any further leaking and ensure the safety of your BMW.