Mate it's supposed to have oil in the primary cases, but it's not 'drowning' in oil. You need to have the correct amount in there, -later models have a clever overflow drain tube.
The primary chain needs lubrication, and the clutch -(from my understanding), operates in an 'oil mist'. -The 6 spring clutch and the later Triumph type 4 spring clutch may be different, but whatever, just put in the amount of oil (without friction modifiers) specified in the manual into the PCC.
BUT if your bike has a belt drive, that's different.