if the engine has been sitting around for a while then the oil pump might of corroded
where did you get the engine from ?
have you any history on it ?
it is a legal requirement for engines sitting in say a garage are not allowed to have oil in them and as result they start to seize up and rust if left for years on end
strange with this engine as the water pump isn't located down the bottom of the block where this is more likely to happen
quick test is take the oil filler cap off and start her up, you should start to see oil hitting the insides of the recess, if you dont then take off the cam cover and inspect the oil galleries to see if it is coming up, the pickup pipe could be blocked also but my bet is the oil pump has failed
btw welcome from migweb :wave: