This document provides an overview of various tests that can be performed on transformer oil to assess its condition, including water content, dielectric strength, acidity, interfacial tension, and dissipation factor. It discusses how the results of these tests can indicate issues like degradation of the paper insulation or presence of contaminants. The document also establishes classifications of oil quality based on test values and correlates these classifications with the likelihood of sludge formation and insulation damage.