Re: Milky film around outboard cowling seal?
How does it run? If not well, then you may have some issues.
I am assuming it is a 2 cycle, if so there may be some, but should not be excessive. Not much way excess oil could get there unless the top main seal was leaking OR excess choking & the gas evaporated, leaving the mixed oil.
If it is a 4 stoke, then possibly your oil filler cap is loose & the engine is blowing oil around it.