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It is a 6mm hex-head bolt right on the bottom of the oil pan. The 700 does not use a remote reservoir like the 500's do.
You should use Polaris ps-4 synthetic oil for year round use. l
2 QT. CAP. ON POLARIS 700 TWIN 0W-40 SYNTHETIC
Yes you can, Polaris only recomends that you use Polaris brand oils, but any oil of the same weigth should work just fine.
The Polaris dealer would be the obvious choice.
Polaris four stroke oil is a 0-40w synthetic.
Two quarts
Best bet is Polaris synthetic.
If you do not want to use Polaris trans oil ,they recommend 30 w engine oil
intial 10 hrs and every 50 hours of use
Two stroke. oil injected.
If you're premixing, 40:1 is fine.