diff --git a/extensions/sequelize/package.json b/extensions/sequelize/package.json
index 8b2cd47f2b69..d1745c94bb6b 100644
--- a/extensions/sequelize/package.json
+++ b/extensions/sequelize/package.json
@@ -56,7 +56,7 @@
     "@loopback/rest": "^15.0.15",
     "@loopback/testlab": "^8.0.14",
     "@types/node": "^20.19.43",
-    "oracledb": "^6.10.0",
+    "oracledb": "^7.0.1",
     "pg": "^8.22.0",
     "pg-hstore": "^2.3.4",
     "sqlite3": "5.1.7",
diff --git a/package-lock.json b/package-lock.json
index f841bae4162c..1176a8e25bdf 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1924,7 +1924,7 @@
         "@loopback/rest": "^15.0.15",
         "@loopback/testlab": "^8.0.14",
         "@types/node": "^20.19.43",
-        "oracledb": "^6.10.0",
+        "oracledb": "^7.0.1",
         "pg": "^8.22.0",
         "pg-hstore": "^2.3.4",
         "sqlite3": "5.1.7",
@@ -27647,9 +27647,9 @@
       }
     },
     "node_modules/oracledb": {
-      "version": "6.10.0",
-      "resolved": "https://registry.npmjs.org/oracledb/-/oracledb-6.10.0.tgz",
-      "integrity": "sha512-kGUumXmrEWbSpBuKJyb9Ip3rXcNgKK6grunI3/cLPzrRvboZ6ZoLi9JQ+z6M/RIG924tY8BLflihL4CKKQAYMA==",
+      "version": "7.0.1",
+      "resolved": "https://registry.npmjs.org/oracledb/-/oracledb-7.0.1.tgz",
+      "integrity": "sha512-xlM0Ceh6A5stQLAdEfKf3pgCSkbOjQLo2ZPEi3+kXklz+KbZD3fLi/nsTSbQeZZNFBSFDNxdn1Ek3+bxG40M8w==",
       "devOptional": true,
       "hasInstallScript": true,
       "license": "(Apache-2.0 OR UPL-1.0)",