Unless your engine is reversed from the I-4s I've seen, Part X is probably a heat shield over your exhaust manifold. There shouldn't be any oil there. (At that point in the process, everything should have been set on fire and exploded.)
However, the thing that says "16 Valve" is your valve cover, and there's a gasket there that will drip some oil when it's dried out.
Fortunately, valve cover gaskets are easy to replace. And they cover the "low" pressure side, so any oil leakage will be slow and not-scary.
I would spray the edges of the block with brake cleaner to clean off the old oil, drive it a bit, then double check to see where the oil looks like it's coming from. But I bet it's your valve cover gasket. You can get a replacement gasket for about $30, typically, and they're fairly easy to replace.