Hi' there are three most common types of oil plugs/drain plugs, 1 is a tapered thread, self sealing no need for sealant or tape
2 a parallel threaded type with a shoulder gasket/ washer usually softened copper alloy or fiber also no sealant or tape required, replace the gasket/washer or if the copper gaskets has work hardened anneal it.
3 parallel threaded recessed flange with an "O" ring works the same as 2, replace the "O" ring with the correct cord size and diameter and material type it's made of that is critical with this type of plug seal also no sealant or tape required.
That's all good on new machines or rarely used machines, the older the more wear on threads and sealing faces you can still get leaks, Stay away from any type of thread tape.
One of the best thread sealants is a Locktight product called 515 Flange and gasket sealant I have been using it for over 25 years on every thing from hydraulic, steam, hot oil, heaters, gearbox cases carbys plugs and seals of all types, gases like nitrogen, CO2,compressed air, argon, old pipe work with worn threads threads sparingly under a layer of thread tape It can even be used to replace thin gaskets.
The advantage is that the sealant will only go off if it's under compression, any excess that ends up in the system dose not harden, and there is no cure time just bolt it up and ready to use, but the best part is its easy to take apart again and reasonably east to clean up.
But just like any thing that's good it's not cheap, use it sparingly as you don't need much, a thin smear is enough. like any other product clean and dry components before use
Regard's.