I am fairly new to brewing. I wanted to make an oatmeal stout and have been reading the oats needed to be mashed. I thought this would be a good opportunity to try a partial mash. My question is can I just steep the grains longer to be considered a pm? I don't want to buy anymore equipment for a partial because I am going to eventually go to all grain.
No, a longer steep is just a longer steep.
However, there isn't any more equipment needed! The processes of steeping and mashing are very much the same technique. What makes a mash a mash instead of a steep are the ingredients, and the technique.
In a mash, you're converting starches into fermentable sugars. To do that, you'll need ingredients that CAN convert (like 2-row base malt, or Munich malt, etc). Using crystal malt won't make a mash. Secondly, you'll need to give the grain the correct amount of water at the correct temperature. Generally, that's 1.5 quarts per pound of grain at approximately 150-155 degrees. That's it!
So, you'd measure the water and bring it to approximately 11 degrees warmer than your intended mash temperature. You'd add the grain, and stir very very well, thoroughly wetting all grains. Then check the temperature with a thermometer, and if it's in the range of 150-155, set the timer for an hour and just walk away. After an hour, lift up the grain bag, and pour 170 degree water over it to get to your boil volume. Or, you could stick the grain bag in a second pot of 170 degree water and dunk it around to get more of the sugars off. That is it! It's that easy.
It is very similar to steeping, and all of the equipment you're already using can be used. When I started doing larger partial-mashes, I used a great big grain bag and just lined my bottling bucket with it and did the mash right in there. Others use pots, coolers, etc, so you can use whatever is convenient.