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
Volume and extent of the Deepwater Horizon oil spill approached the Delta National Wildlife Refuge and Breton National Wildlife Refuge. On 19 May 2010, both NOAA and other scientists monitoring the spill with the European Space Agency Envisat radar satellite stated that oil had reached the Loop Current, which flows clockwise around the Gulf of Mexico towards Florida and then joins the Gulf Stream along the U.S. east coast. On 29 June 2010, NOAA determined that the oil slick was no longer a threat to the loop current and stopped tracking offshore oil predictions that include the loop currents region. The omission is noted prominently on the ongoing nearshore