Dielectric response and space charge behaviour of oil-paper insulation sample with different moisture contents were investigated using the frequency dielectric spectroscopy (FDS) and the pulsed electroacoustic (PEA) technique, respectively. The influence of moisture on the dielectric response and space charge behaviour of oil impregnated paper insulation was analysed. Results show that the moisture has great effect on the FDS and space charge behaviour of oil impregnated paper insulation. In the frequency range of 10-2~106Hz, the conductivity and the capacitance of oil impregnated paper increases with its moisture content. The space charge distribution of oil-paper sample with lower and higher moisture contents is very different from each other. The higher the moisture concentration of the oil impregnated paper, the easier the negative charge penetration into the insulation paper. There is a significant amount of positive charge accumulated at the paper-paper interface near to the cathode for oilpaper sample with lower moisture content. However, the positive charge appears in the middle layer paper for oil-paper sample with higher moisture content. Due to the high conductivity, the charge trapped in the oil-paper sample with higher moisture content disappears much faster than that in the oil-paper sample with lower moisture content after removing the voltage.