Norwegian engineers are searching for oil and Egon Olsen convinces his friends to buy stocks in the oil market. In the process, Egon, stumbles upon a scheme to fool the Norwegian Government that there is indeed no traces of oil in the North Sea. The Olsen Gang tries to tell the ministry the truth about the oil but they are caught by Sheik El-Altan who, in order to make sure the boys keep their mouths shut, kidnaps Valborg and brings her to Egypt.

Oskar Øiestad
as Egon

Jonas Hoff Oftebro
as Kjell

Fridtjof Tangen
as Benny

Petter Mjøen Westlund
as Dynamitt-Harry

Lina Sørlie Strand
as Valborg

Regine Anthonessen
as Ingrid

Thomas Fjeldberg
as Herman

Tor Gunnari Maagø Hunstad
as Biffen

Eilif Theisbo
as Jonny

Haakon Selje
as Knut