diff --git a/devel/CMakeLists.txt b/devel/CMakeLists.txt
index 99b22eaab4..ea5dc6a6ed 100644
--- a/devel/CMakeLists.txt
+++ b/devel/CMakeLists.txt
@@ -3,7 +3,7 @@ project( ERT C CXX )
 
 set( ERT_VERSION_MAJOR 1 )
 set( ERT_VERSION_MINOR 6 )
-set( ERT_VERSION_MICRO 2 )
+set( ERT_VERSION_MICRO 3 )
 
 
 option( BUILD_ERT           "Build the full ERT application - Linux only" OFF)