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
Oil spill governance in the United States Oil spill governance in the United States Oil spill governance in the United States is governed by federal law. The governance framework for oil spills in the United States prior to the Oil Pollution Act (OPA) of 1990 lacked proper consolidation and proved to be inadequate in preventing and responding to oil spillages. A timeline produced by the World Resources Institute (WRI) highlights some key events in oil drilling governance and regulatory system that ultimately govern oil spills in the United States. Although the OPA provides a framework for oil spillage governance recent events resulting in the BP deep water