diff --git a/.zuul.d/jobs.yaml b/.zuul.d/jobs.yaml
index 676b878e..b85402e3 100644
--- a/.zuul.d/jobs.yaml
+++ b/.zuul.d/jobs.yaml
@@ -27,6 +27,7 @@
         - centos/8-stream-build-succeeds
         - centos/9-stream-build-succeeds
         - fedora/build-succeeds
+        - opensuse/build-succeeds
         - ubuntu/bionic-build-succeeds
         - ubuntu/focal-build-succeeds
 
diff --git a/diskimage_builder/elements/opensuse/README.rst b/diskimage_builder/elements/opensuse/README.rst
index 656ac958..d4c75ade 100644
--- a/diskimage_builder/elements/opensuse/README.rst
+++ b/diskimage_builder/elements/opensuse/README.rst
@@ -14,12 +14,12 @@ Environment Variables
 
 DIB_RELEASE
   :Required: No
-  :Default: 15.1
+  :Default: 15.3
   :Description: Set the desired openSUSE release.
 
 DIB_CLOUD_IMAGES
   :Required: No
-  :Default: https://download.opensuse.org/repositories/Cloud:/Images:/(openSUSE|Leap)_${DIB_RELEASE}
+  :Default: https://download.opensuse.org/repositories/Cloud:/Images:/Leap_${DIB_RELEASE}
   :Description: Set the desired URL to fetch the images from.
 
 Notes:
diff --git a/diskimage_builder/elements/opensuse/environment.d/10-opensuse-distro-name.bash b/diskimage_builder/elements/opensuse/environment.d/10-opensuse-distro-name.bash
index cf41925b..ed8327d2 100644
--- a/diskimage_builder/elements/opensuse/environment.d/10-opensuse-distro-name.bash
+++ b/diskimage_builder/elements/opensuse/environment.d/10-opensuse-distro-name.bash
@@ -1,13 +1,10 @@
 export DISTRO_NAME=opensuse
-export DIB_RELEASE=${DIB_RELEASE:-15.1}
+export DIB_RELEASE=${DIB_RELEASE:-15.3}
 export EFI_BOOT_DIR="EFI/opensuse"
 export DIB_OPENSUSE_PATTERNS=patterns-openSUSE-base
 export DIB_INIT_SYSTEM=systemd
 case ${DIB_RELEASE} in
-    # Old Leap releases
-    42*) export OPENSUSE_REPO_DIR=openSUSE_Leap_${DIB_RELEASE} ;;
-    # New Leap releases
-    15*) export OPENSUSE_REPO_DIR=openSUSE_Leap_${DIB_RELEASE} ;;
+    15.3) export OPENSUSE_REPO_DIR=openSUSE_Leap_${DIB_RELEASE} ;;
     *) echo "Unsupported openSUSE release: ${DIB_RELEASE}"; exit 1 ;;
 esac
 
diff --git a/diskimage_builder/elements/opensuse/root.d/10-opensuse-cloud-image b/diskimage_builder/elements/opensuse/root.d/10-opensuse-cloud-image
index 93f3a8dd..0c567bb2 100755
--- a/diskimage_builder/elements/opensuse/root.d/10-opensuse-cloud-image
+++ b/diskimage_builder/elements/opensuse/root.d/10-opensuse-cloud-image
@@ -19,26 +19,14 @@ if ! [ 'x86_64' = "$ARCH" ] ; then
 fi
 
 # Set some image defaults
-case ${DIB_RELEASE} in
-    # Old Leap releases
-    42*)
-        OPENSUSE_IMAGE_BASEDIR=Leap
-        OPENSUSE_IMAGE_FILE=openSUSE-Leap-${DIB_RELEASE}-OpenStack
-        OPENSUSE_IMAGE_EXT=tbz
-        ;;
-    # New Leap releases
-    15*)
-        OPENSUSE_IMAGE_BASEDIR=Leap
-        OPENSUSE_IMAGE_FILE=openSUSE-Leap-${DIB_RELEASE}-OpenStack
-        OPENSUSE_IMAGE_EXT=tar.xz
-        ;;
-    # We handle unknown cases in environment.d/10-opensuse-distro-name.bash
-esac
+OPENSUSE_IMAGE_BASEDIR=Leap
+OPENSUSE_IMAGE_FILE=openSUSE-Leap-${DIB_RELEASE}
+OPENSUSE_IMAGE_EXT=qcow2
 # NOTE(toabctl): if something changes here on the buildservice side, please
-# first ask in #opensuse-cloud on Libera Chat before you change the format
-# here!
+# first ask in #opensuse-buildservice on Libera Chat before you change the
+# format here!
 DIB_CLOUD_IMAGES=${DIB_CLOUD_IMAGES:-https://download.opensuse.org/repositories/Cloud:/Images:/${OPENSUSE_IMAGE_BASEDIR}_${DIB_RELEASE}/images/}
-BASE_IMAGE_FILE=${BASE_IMAGE_FILE:-${OPENSUSE_IMAGE_FILE}-rootfs.${ARCH}.${OPENSUSE_IMAGE_EXT}}
+BASE_IMAGE_FILE=${BASE_IMAGE_FILE:-${OPENSUSE_IMAGE_FILE}.${ARCH}-NoCloud.${OPENSUSE_IMAGE_EXT}}
 SHA256SUMS_FILE=${SHA256SUMS_FILE:-${BASE_IMAGE_FILE}.sha256}
 
 CACHED_FILE=$DIB_IMAGE_CACHE/$BASE_IMAGE_FILE
@@ -49,17 +37,16 @@ CACHED_SHA256SUMS_FILE=$DIB_IMAGE_CACHE/SHA256SUMS.$BASE_IMAGE_FILE
 # over HTTP
 if [ -n "$DIB_OFFLINE" -a -f "$CACHED_FILE" ] ; then
     echo "Not checking freshness of cached $CACHED_FILE."
+    # Extract the base image (use --numeric-owner to avoid UID/GID mismatch
+    # between image tarball and host OS)
+    sudo tar -C $TARGET_ROOT --numeric-owner -xf $CACHED_FILE
 else
     echo "Fetching Base Image"
     $TMP_HOOKS_PATH/bin/cache-url $DIB_CLOUD_IMAGES/$SHA256SUMS_FILE $CACHED_SHA256SUMS_FILE
-    $TMP_HOOKS_PATH/bin/cache-url $DIB_CLOUD_IMAGES/$BASE_IMAGE_FILE $CACHED_FILE
+    $TMP_HOOKS_PATH/bin/extract-image $BASE_IMAGE_FILE $BASE_IMAGE_FILE.tgz $DIB_CLOUD_IMAGES/$BASE_IMAGE_FILE $CACHED_FILE
     pushd $DIB_IMAGE_CACHE
     # Calculate sha256sum of downloaded image and check against content from sha256 file
     SHA256SUM=$(sha256sum ${BASE_IMAGE_FILE} | cut -d " " -f1)
     grep -q $SHA256SUM SHA256SUMS.$BASE_IMAGE_FILE
     popd
 fi
-
-# Extract the base image (use --numeric-owner to avoid UID/GID mismatch between
-# image tarball and host OS)
-sudo tar -C $TARGET_ROOT --numeric-owner -xf $CACHED_FILE
diff --git a/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/README.rst b/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/README.rst
index a05d8497..c89b1cf2 100644
--- a/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/README.rst
+++ b/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/README.rst
@@ -1 +1 @@
-Verify we can build an openSUSE Leap 15.1 image.
+Verify we can build an openSUSE Leap 15.3 image.
diff --git a/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/environment.d/10-set-distro.bash b/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/environment.d/10-set-distro.bash
index 25355f0b..4af58d2b 100644
--- a/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/environment.d/10-set-distro.bash
+++ b/diskimage_builder/elements/opensuse/test-elements/opensuse15-build-succeeds/environment.d/10-set-distro.bash
@@ -1 +1 @@
-export DIB_RELEASE=15.1
+export DIB_RELEASE=15.3
diff --git a/diskimage_builder/elements/redhat-common/bin/extract-image b/diskimage_builder/elements/sysprep/bin/extract-image
similarity index 100%
rename from diskimage_builder/elements/redhat-common/bin/extract-image
rename to diskimage_builder/elements/sysprep/bin/extract-image
diff --git a/doc/source/user_guide/supported_distros.rst b/doc/source/user_guide/supported_distros.rst
index 9acd04ee..5345e68d 100644
--- a/doc/source/user_guide/supported_distros.rst
+++ b/doc/source/user_guide/supported_distros.rst
@@ -20,4 +20,4 @@ Distributions which are supported as a target for an image:
 - 16.04 ("xenial"), 18.04 ("bionic")
 - Gentoo
 - openEuler 20.03-LTS-SP1+
-- openSUSE Leap 42.3, 15.0, 15.1 and Tumbleweed (opensuse-minimal only)
+- openSUSE Leap 15.3 and Tumbleweed (opensuse-minimal only)
diff --git a/releasenotes/notes/fix-and-update-opensuse-15.3-c7fee120b51e3621.yaml b/releasenotes/notes/fix-and-update-opensuse-15.3-c7fee120b51e3621.yaml
new file mode 100644
index 00000000..5d826e07
--- /dev/null
+++ b/releasenotes/notes/fix-and-update-opensuse-15.3-c7fee120b51e3621.yaml
@@ -0,0 +1,8 @@
+---
+upgrade:
+  - |
+    Bumped the default openSUSE Leap release to 15.3 for the opensuse element.
+deprecations:
+  - |
+    Dropped support for building openSUSE Leap 42.1, 42.2, 42.3, 15.0, 15.1,
+    and 15.2, since all of them have already reached end-of-life.
diff --git a/tests/run_functests.sh b/tests/run_functests.sh
index 15dd4672..bcd17956 100755
--- a/tests/run_functests.sh
+++ b/tests/run_functests.sh
@@ -37,6 +37,8 @@ DEFAULT_SKIP_TESTS=(
     # These download base images which has shown to be very unreliable
     # in the gate.  Keep them in a -nv job until we can figure out
     # better caching for the images
+    opensuse/build-succeeds
+    opensuse/opensuse15-build-succeeds
     centos7/build-succeeds
     debian/build-succeeds
     fedora/build-succeeds