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
Harte Research Institute for Gulf of Mexico Studies spill that released more than 4.9 million barrels of oil into the Gulf of Mexico between April 20, and July 15, 2010, created a unique opportunity to address many of the long-term issues fundamental to the Gulf’s future sustainability. HRI scientists have and continue to provide leadership in assessing the long-term impacts of the largest accidental marine oil spill in the history of the petroleum industry and are fostering the Gulf’s recovery by helping guide restoration to assure that conservation efforts are effective and long lasting. HRI has already influenced the allocation of billions of dollars toward Gulf restoration and