After long testing with a lot of beers i can share now full step by step how to make it.

I did testing on following environment details
Oracle VM Server/Manager 3.3.1 as host and Oracle Linux 7.0 as guest (VM) for Exadata Storage Server ( Cell ) with version

Oracle Linux Linux 7.0

[celladmin@cell01 ~]$ cat /etc/redhat-release
Red Hat Enterprise Linux Server release 7.0 (Maipo)
[celladmin@cell01 ~]$

Download Oracle Linux 7.0

unzip iso:


Create new Virtual Machine on Oracle VM -
Install Oracle Linux 7.0

Select Install Oracle Linux 7.0

Select ->- English -> next

-Configure network and hostname - enable network and change from DHCP to static if this is necessary ( you can change that configuration after installation )