If it all goes wrong then cut the butt in half and grow carrots in one half and dwarf beans in the other.
Once you have your hole saw ..
One of these would be good ..
https://www.screwfix.com/p/pegler-pb50-hose-union-bib-tap-15mm-x/6263v
Along with a 1/2" back nut with a large flange on it, a rubber washer and a slip washer to suit.
You would drill the hole, insert the tap and place the washer on the back of the tap, then the slip washer and then tighten the nut onto the tap, compressing the rubber washer onto the inside of the butt.
You could easily spend more than £20 doing it if you cant borrow the hole saw. Beware.. as already mentioned .. old plastic tends to have perished and often cracks when you try to mess around with it.