You say you set up a 55 gallon tank? did you cycle it before putting the Oscar in? Obviously if you set it up and then put the Oscar and straightaway, the water is going to be okay. However, give it 24 hours and you may find that ammonia is present. If however you did cycle of tank then just give the Oscar a little bit of time to get used to his new environment. Then turn the lights on for too long, they feel safer when the lights are out. Give them somewhere to hide, a big rock, or nice piece of wood is often a good place for them to hide behind.
If you didn't cycle the tank before putting the Oscar in, I would suggest getting your own test gets, start testing for ammonia and nitrite every day. Go to the section on helpful articles and read up on cycling the tank, or have a word with your friend, he'll probably help you out.