Abstract: A self-contained pressure compensation system and a control method thereof are provided, wherein the self-contained pressure compensation system comprises an oil supply device, a pressure compensation device, a power unit associated with the pressure compensation device, and a switch control device, the pressure compensation device supplies oil to the power unit and detects a change in a chamber pressure of itself in real time, the switch control device triggers the oil supply device to supply oil to the pressure compensation device if the chamber pressure is less than a predetermined first threshold and triggers the oil supply device to stop supplying oil to the pressure compensation device if the chamber pressure is greater than a predetermined second threshold. The invention can detect a chamber pressure of the pressure compensation device in real-time and can achieve automatic oil refilling, and can provide pressure compensation for the power unit effectively.