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
Reactions to the Deepwater Horizon oil spill this spill with everything we've got for as long as it takes. We will make BP pay for the damage their company has caused. And we will do whatever's necessary to help the Gulf Coast and its people recover from this tragedy." The President was later reported to have said that "his frustration over the mammoth oil spill in the Gulf of Mexico is not an attack on Britain" and that he had "no interest in undermining BP's value", as the two leaders tried to soothe trans-Atlantic tensions over the disaster. On 4 July 2010, the federal government announced that