I would triple check that there isn't an oil leak dropping oil on the compressor clutch. Otherwise the oil is from the shaft seal on the compressor. They do leak a little by design, but should not be a massive leak oiling the clutch up.
It's possible to replace the compressor shaft seal. Not worth the trouble and risk of another failure say if the front bearing caused the seal failure. Add cost of the ruined clutch and not much more for a new compressor.
IMO if the system is free of debris: Replace compressor with a genuine Sanden, Replace the orface tube (or orface tube line) and accumulator, and flush system. Also due to possible heat from the slipping clutch replace the overheated/burned belt just to be sure.
Probably already know this but the AC system running hot, overheating, from a bad fan clutch or debris plugged stack is the #1 cause of compressor failure. If the fan clutch is covered in it's own blood it's done...