Many thanks for your comments, Uncamoose & Koko. The BMWMOA forum gives lots of alternative suggestions, none of which appear conclusive, and most very expensive! I've taken the easiest suggestion as a temporary measure: “plug it until you can get it fixed”. A plastic golf tee fits perfectly, and proves the oil is coming from the hole rather than from a leaking oilpump, sump gasket, or other hidden source. I'll take it to Experience & have them diagnose.