Local gas holdup, bubble diameter and bubble rise velocity in the nitrogen/Drakeol-10 oil system were measured at both laboratory (ambient temperature and pressure) and industrially relevant (high temperature and pressure) conditions using a dual conductivity probe in a slurry-bubble-column reactor. It was found that at a constant superficial velocity, the Sauter mean bubble diameter decreases with increasing pressure and temperature. The bubble rise velocity significantly decreases as the pressure increases. Large bubbles rise faster than smaller bubbles. Akita and Yoshida’s correlation [1] was utilized to compute the bubble size. Predicted values agree with the experimental data at high temperature.