diff --git a/ResInsightVersion.cmake b/ResInsightVersion.cmake
index 894fd1cb44..c583e6e99d 100644
--- a/ResInsightVersion.cmake
+++ b/ResInsightVersion.cmake
@@ -1,17 +1,17 @@
 
 set(RESINSIGHT_MAJOR_VERSION 2024)
-set(RESINSIGHT_MINOR_VERSION 09)
-set(RESINSIGHT_PATCH_VERSION 3)
+set(RESINSIGHT_MINOR_VERSION 12)
+set(RESINSIGHT_PATCH_VERSION 0)
 
 # Opional text with no restrictions
-set(RESINSIGHT_VERSION_TEXT "-dev")
-#set(RESINSIGHT_VERSION_TEXT "-RC")
+#set(RESINSIGHT_VERSION_TEXT "-dev")
+set(RESINSIGHT_VERSION_TEXT "-RC_1")
 
 # Optional text
 # Must be unique and increasing within one combination of major/minor/patch version 
 # The uniqueness of this text is independent of RESINSIGHT_VERSION_TEXT 
 # Format of text must be ".xx"
-set(RESINSIGHT_DEV_VERSION ".07")
+#set(RESINSIGHT_DEV_VERSION ".06")
 
 # https://github.com/CRAVA/crava/tree/master/libs/nrlib
 set(NRLIB_GITHUB_SHA "ba35d4359882f1c6f5e9dc30eb95fe52af50fd6f")