I know this may not work with a vehicle engine, but when we have sunk four wheelers we have always drained the oil, put new in, and then pulled the spark plugs. Cranked with the spark plugs out until all water was essentially "pumped" out through spark plug holes. WJCO knows more about these engines, though. Maybe he could confirm if this would actually work in this application. We normally end up changing the oil multiple times after doing this. Just spit balling here.
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