2000 Volvo 5.0GL PEFS /w SX outdrive - Boat stays in the water April-Dec every year. Outdrive oil has been changed every year at winterization since I bought the boat in 2006. In 2007 I had the boatyard do a full service, but since then it has just been regular annual oil change and inspection with no issues. When I drained the oil last weekend I saw for the first time the dreaded milk color. I know this means that water somehow got into the outdrive, but my question is what to do now? I did notice that the upper plug seemed to be a bit loose when I unscrewed it, so I'm hoping thats the culprit. (Did I put on a new O-ring last year?) I went ahead and re-filled the drive to be safe, and the boat will be in the boatel until March, but I want to jump on this first thing this spring. I assume the first step is a pressure test, but if the drive does not hold pressure, how do I go about diagnosing the problem. What are the most common places for water to enter the drive? Thanks in advance for your responses.