BP Biobutanol LLC in 2009. In 2009, BP obtained a production contract during the 2009/2010 Iraqi oil services contracts tender to develop the Rumaila field with joint venture partner CNPC, which contain an estimated of oil, accounting for 12% of Iraq's oil reserves estimated at . In June 2010, the BP/CNPC consortium took over development of the field, which was the epicentre of the 1990 Gulf war. On 1 October 2010, Bob Dudley replaced Tony Hayward as the company's CEO after the Deepwater Horizon oil spill. After the oil spill BP announced a divestment program to sell about $38 billion worth
Guimaras oil spill Guimaras oil spill The Guimaras oil spill occurred in the Panay Gulf on August 11, 2006 when the oil tanker M/T "Solar 1" sank off the coast of Guimaras and Negros islands in the Philippines, causing what is considered as the worst oil spill in the country. The oil tanker M/T "Solar 1", carrying more than two million liters of bunker fuel, sank during a violent storm approximately off the southern coast of Guimaras at around midnight on August 11, 2006, causing some of oil to pour into the gulf, that traveled up through the Guimaras Strait and Iloilo Strait.