1. 8.8 is the softer grade of metric bolt. That is good for your drilling.
2. SnapOn makes an excellent bolt removal kit with drills and locating sleeves for them to make sure you drill in the center of the bolt. It also includes their version of Easy Out which is not tapered and does not expand the bolt. Don't use a tapered easy out if you can avoid it. I have used the kit many times with no failures. Might be worth buying one or finding someone who owns it and has used it often. It will have a size good for your bolt, which is probably a 10mm or 12mm., not an 8mm.
3. If you do the work, blow out any dirt in the hole before you start, and blow out any chips from drilling before you try turning the bolt out. Put on some good penetrating oil(Kroil) after you clean the threads. Hopefully the bolt section in the hole will be loose, not seized or rusted.
If the bolt comes loose and starts coming out and binds, turn it back in a little and clean the threads where it bound with a 90 degree pick, blow it out again, and reoil before unscrewing the bolt again.
4. Before you start all this, go to a couple of local machine shops(Or good auto parts houses, NOT Auto Zone)and ask around to see if anyone local is good at taking bolts out. If you talk with several people about how they do it, you will get a feel of how to tell someone who actually knows how to do it. Get everyone to talk to you a little, so you can tell if they really are experienced. Talk with you local mobile guy after you have talked to a few others. Don't start by asking the price for the job. A guy who just quotes a price won't know much about how to do it. Someone who is experienced will explain it to you and tell you what they have done to remove other bolts.
5. If you don't get the SnapOn kit, buy some high quality cobalt LH drills from a machine ship supplier, on line if you have to. Don't use a cheap chinese drill which will break off. Start with a 1/8 drill and work you way up. Drill all the way through the bolt if it is not loose. This will release some pressure on it. But be extremely careful not to go too far. Keep checking with a flashlight to be sure of where you are. Measure one of the empty holes on the casing to find how deep they are and mark a piece of wire or welding rod to measure the hole depth as you go.
Good Luck!