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
Gulf of Mexico BP reached an $18.7bn settlement with the US government, the states of Alabama, Florida, Louisiana, Mississippi and Texas, as well as 400 local authorities. To date BP's cost for the clean-up, environmental and economic damages and penalties has reached $54bn. According to the National Response Center, the oil industry has thousands of minor accidents in the Gulf of Mexico every year. On May 12, 2016, a release of oil from subsea infrastructure on Shell's "Brutus" oil rig released 2,100 barrels of oil. This leak created a visible 2 mile by 13 mile oil slick in the sea about 97 miles