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.
as Egon
as Kjell
as Benny
as Dynamitt-Harry
as Valborg
as Ingrid
as Herman
as Biffen
as Jonny
as Knut
as Osram
as Ingeniør Hallandsen
as Oljesjeik Araban El-Altam
as Hassan
as Politioverbetjent Hermansen
as Politiførstebetjent Holm
as Syvertsen
as Tutta
as Gudrun
as Bassefar
as TV-reporter