A highly compact and thermally efficient water cooled oil cooler for automotive use without offset strip fin and casing is developed in this study. The study result has shown that eliminating the fin and casing in the oil cooler the manufacturing process and cost and can be simplified and reduced greatly without sacrificing the thermal capacity. The oil cooler developed in the study uses the dimply type heat transfer core element design instead of offset strip fin and eliminates the outer casing for coolant water flow by applying specially made parallel loop flow design. In the study the thermal design program for the present oil cooler also was developed and validated experimentally.