If you are down to raw balsa and need to extract oil, K2R and Goddards spray spot removers will do the job. There are a variety of other techniques that you can find with a search on "oil removal", "degreasing" or "oil soaked". In a hurry, talcum or, better, cornstarch and acetone (or wood alcohol or MEK or naptha, whatever) as a slurry on the surface will do the job. In extreme cases, it may take a couple of months and many applications to get the oil totally extracted. Hitting the dried slurry with a heat gun before brushing off will enhance the process. Almost no disaster case is beyond salvation if you have the patience.
It took a month to get one model "dry" and when it sat for a year, I had to do it all over, but this time it was perfect. Here is the refinished model, a 50% scale "Green Box" Nobler. BTW, it will do a clean AMA stunt pattern.