Oil can't tell time. If it's left in the crankcase in moderately good condition, it doesn't deteriorate. The caveats are:
1) When the engine is run, it's brought up to full oil temp and maintained at that temp for as lengthy a period of time as possible (the exact time interval is a subject for debate but in the many previous discussions on this, feel free to search, most could agree on around 15-30 minutes minimum). Heating the oil and keeping it hot long enough to bake out moisture and fuel to put the oil back into a state where the additives have little to do while the oil waits for the next run.
2) The vehicle is stored in moderately climate stable, temperature stable conditions. Inside an enclosed garage usually meets this criteria. Wide changes in temperature and high humidity would be cause for concern due to condensation.
I have been running mileage only intervals for some time, verified by UOAs for oil condition (feel free to search my posts). Our car (Honda Accord) generally runs about 18 months. The gas Ford pickup, about the same but going up due to a recent bypass oil filtration system. The diesel Ford pickup is about two years, plus, but going up due to the recent addition of a bypass oil filtration system. My small tractor (38 hp Ford) is two years. The big tractor (100hp Farmall) is up to three years, with the one three year interval posted here. In short, in my particular situation, the oil showed no deterioration due time. and looked like ordinary oil would look at the end of the particular mile/hours interval. There are other UOAs here that show the same thing, but again I stress, this doesn't work in all situations. I verified my intervals along the way to assure efficacy and would recommend the same to anyone considering this past a year.
Oh, and all these oils were mineral or syn blend (with one exception) because I don't go the syn route generally.
Seems to me, a year for any oil is a breeze and two years very likely. Three is very doable. Beyond that.. who knows. I think it's doable too but the peripheral issues are a concern, such as filter viability (can always change the filters). I guess I'll find out and report back.