diff --git a/packages/celotool/package.json b/packages/celotool/package.json
index f7d06b578fa..bc720402baa 100644
--- a/packages/celotool/package.json
+++ b/packages/celotool/package.json
@@ -6,10 +6,10 @@
   "author": "Celo",
   "license": "Apache-2.0",
   "dependencies": {
-    "@celo/contractkit": "0.0.1",
+    "@celo/contractkit": "1.2.2",
     "@google-cloud/monitoring": "0.7.1",
-    "@google-cloud/pubsub": "^0.28.1",
-    "@google-cloud/storage": "^2.4.3",
+    "@google-cloud/pubsub": "^2.0.0",
+    "@google-cloud/storage": "^5.0.0",
     "@types/bip32": "^1.0.1",
     "@types/bip39": "^2.4.2",
     "bip32": "^1.0.2",
@@ -22,9 +22,9 @@
     "prompts": "1.2.0",
     "sleep-promise": "^8.0.1",
     "tsconfig-paths": "3.6.0",
-    "web3": "1.0.0-beta.37",
+    "web3": "1.3.6",
     "web3-eth-admin": "1.0.0-beta.55",
-    "yargs": "12.0.2"
+    "yargs": "13.2.4"
   },
   "devDependencies": {
     "@types/dotenv": "^4.0.3",