Few layer graphene oxide (GO) nanosheets were prepared by a very fast modified Hummers method and widely characterized. Avoiding further chemical reactions, trying to take advantage of the easy exfoliation of GO favoring the formation of a tribofilm, and using a methodology well known to the lubricant industry, they were added to a mineral oil by the help of a dispersant. The tribological behaviour of GO in mineral oil was investigated under a wide spectrum of conditions, from boundary and mixed lubrication to elastohydrodynamic regimes. A ball on disc setup tribometer has been used to verify the friction reduction due to nanosheets dispersed in mineral oil. Their good friction and anti-wear properties may possibly be attributed to the small and extremely thin laminated structure, which offer lower shear stress and prevent interaction between metal interfaces. Furthermore, the results clearly prove that graphene platelets in oil easily form a protective film to prevent the direct contact between steel surfaces and, thereby, improving the frictional behaviour of the base oil. This evidence is also related to the frictional coefficient trend in boundary regime.