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 she declared a "national calamity". On August 17, British oil experts, sent by SMDC's foreign insurer, arrived in Guimaras to assess the situation. SMDC stated that the experts will check the extent of the oil pollution. The Britons conducted an aerial survey over Guimaras Island and made recommendations based on their findings. A four-man team from the U.S. Coast Guard arrived on August 23 to assist in determining the exact location of the tanker. 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