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
Ixtoc I oil spill Ixtoc I oil spill Ixtoc I was an exploratory oil well being drilled by the semi-submersible drilling rig "Sedco 135" in the Bay of Campeche of the Gulf of Mexico, about northwest of Ciudad del Carmen, Campeche in waters deep. On 3 June 1979, the well suffered a blowout resulting in one of the largest oil spills in history. Mexico's state-owned oil company Pemex (Petróleos Mexicanos) was drilling a deep oil well when the drilling rig "Sedco 135" lost drilling mud circulation. In modern rotary drilling, mud is circulated down the drill pipe and back up the well bore to