That's quite old.
That would be from the 2004/5 production.
Anyway, very easy.
One sniff will tell you.
The rancidity will smell similar to rancidity in cracker or old chips.
don't be afraid to taste it( it won't get you sick) and don't confuse a peppery aftertaste with rancidity.
If it was stored in a cool dark place, maybe it may have hung on and is still usable.
The best way to taste it( in this case) would be with bread.
tasting it on it's own may cause confusion because mentally you may think it's bad.
Smell and taste.
A buttery taste means nothing.
A producer can make any oil taste buttery by using riper olives.
That's the problem here, people are not going by experience but by sites.
A typical oil lasts for 2 to 3 years if stored right( not 6 months as another site or person said).
You must taste it.
To many variables Ie, how it was stored, who made it, olive varietals etc etc.