According to the interweb, there are two possibilities.... although due
to liability issues, no-one is prepared to say they will work for sure
The first involves heating the sensor tip with the inner part of a hot
butane flame until it just starts to show red. This will burn off oil
contamination, and some of the sooty crud. Brush any heavy carbon
buildup off the outside of the cage first.
The second way involves spraying with a "no residue" electronics
cleaning spray, such as CRC brand "QD electronic cleaner". Again
clean off any heavy carbon buildup first, being careful not to damage
the sensor tip.
Anecdotal evidence is that either method can result in improved engine
performance and better fuel economy. I would suggest that you find
out where you can get a new sensor,
before you start cleaning
Cheers... jondee86