Depending on how far you want to to remove the oil, the following is a method we were taught when restoring some old military timbers at a collectors meeting, using Krudd-Off (alkaline based liquid cleaner) and steam.
This will remove almost all oil from the timber, taking it back to bare unfinished timber. It also steams out many small creases and surface scratches.
Strip all metal and plastic hardware and fittings from the stock.
Wearing kitchen type gloves, place a heavy coat of Krudd-Off all over the timber, then continue rubbing in with a cloth. Keep it wet, and don't let the Krudd-Off dry on the timber.
Two options for the final step...
The next step is a little tricker if you don't have access to a hot water trough ( like a bluing tank). If you do have such a tank, ensure the water is boiling so steam is generated. Simply suspend the timber in the steam, turning occasionally, and wiping with a water saturated cloth. The oil will just stream from the stock. You may need to repeat this a couple of times if sections of the timber have gone black due to excess oil.
As most people won't have access to a trough, a cheap steam wand with cloth pads will suffice. It's a bit more time consuming, as you have to try to wet swab and steam pretty much simultaneously, but works almost as good. You just need to be careful round the checkering not to over-steam.
If it's a really old Sako, the timber may take on a very pale appearance. It's nothing to worry about, as many older Sakos had birch timber, not walnut.
Basically you're left with a oil-less timber stock that should dry for 48 to 72 hours, then lightly sand, or steel wool, or buff polish the bare timber (depending on the level of sheen you require) before re-oiling, lacquering, or however you intend to refinish the stock.
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