Well that's a strange one indeed. It is failing as it runs the very code that adds offshore oil to your save, so me giving you a command probably won't help.
Can you obtain the save, and try updating to 1.0.12 with it in single player and seeing if it still fails? I suspect there's a good chance it will work, then you can put it back on the server, and the server won't run that migration again. Feel free to send it to me too.