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 collected before it could enter the Gulf waters. In its permit to drill the well, BP estimated the worst-case flow at . Immediately after the explosion the USCG did not estimate any oil leaking from the sunken rig or from the well. On 24 April, USCG Rear Admiral Mary Landry announced that a damaged wellhead was indeed leaking. She stated that "the leak was a new discovery but could have begun when the offshore platform sank . . . two days after the initial explosion." Initial estimates by USCG and BP officials, based on remotely operated vehicles as well as