The invention discloses an online safety early warning system for a condenser oil system, which includes an online monitoring device, a workflow engine, a management server, industrial inspection equipment, and a communication device; the workflow engine is used to establish a workflow model and define roles, The process controller is used to realize process control; the online monitoring equipment is used to extract some oil samples from the oil system for testing and obtain various monitoring parameters; the management server performs monitoring parameters collected by the online monitoring equipment according to the preset workflow model Processing, the original monitoring parameters and processed results are stored in the lubricating oil ledger database, lubricating oil basic database, lubricating oil comparison database, lubricating oil evaluation database, and expert diagnosis database. The invention can perform visual intelligent safety pre-control on four aspects of lubricating oil ferrogram, viscosity, water content and temperature, reduce the operation and maintenance cost of industrial equipment in factories, improve production efficiency, and avoid serious lubrication failures and mechanical failures.