No. As I contemplated the hole, I could see no way to bind the tape to itself. There is no significant rise at the hole for the tape to get purchase (take a look at the valve chain cover).

My main concern was that anything I could put over the hole would come lose and be dragged by the timing chain into the case where it would become immeshed.

A dirty engine bay was a far less fearsome result.

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2006 X5 Sport 4.4i