On MK2's, 3's, 4's etc it's in the cluster.... thought it was for MK1s as well.
http://www.google.ca/imgres?imgurl=http://tech.bentleypublishers.com/servlet/JiveServlet/download/40-31015-306807-5137/oilwarningSmall.jpg&imgrefurl=http://tech.bentleypublishers.com/message.jspa%3FmessageID%3D369906&usg=__5vMl_TQv2TwhjrwsM1yqhqNxn8Y=&h=480&w=640&sz=38&hl=en&start=1&um=1&itbs=1&tbnid=aZp2ihDhY91tLM:&tbnh=103&tbnw=137&prev=/images%3Fq%3Dvw%2Boil%2Bpressure%2Bbuzzer%2Bcluster%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26sa%3DG%26rls%3Dorg.mozilla:en-US:official%26biw%3D1440%26bih%3D743%26tbs%3Disch:1Look at the picture in the frame at the top. The buzzer is built into that section.
I've had a few clusters apart and I don't ever remember seeing a L circuit board like that. Isn't that a relay and not a buzzer? Getting more confused.