A cutting tool for cutting a tubular, the cutting tool comprising: a tool housing having a longitudinal axis; a tool head having a longitudinal axis and being rotationally mounted to the tool housing ; a cutting element located within the tool head , wherein the cutting element defines a cutting profile and is configured to rotate independent of the tool head ; a first drive mechanism operable to rotate the cutting element ; and a second drive mechanism operable to control displacement of the cutting element radially with respect to a surface to be cut; wherein the first and second drive mechanisms are independently powered by first and second drive motors respectively; wherein the first drive motor is connected to the first drive mechanism by a first drivetrain which rotates a first gear in the tool head , wherein rotation of the first gear drives a first mechanism shaft , wherein the first drive mechanism comprises a disc gear defining a geared surface which engages with the first mechanism shaft , wherein the disc gear is rotationally fixed to the cutting element such that rotation of the disc gear by the first drive motor results in rotation of the cutting element ; wherein the second drive motor is connected to the second drive mechanism by a second drivetrain which rotates a second gear in the tool head , wherein rotation of the second gear drives a second mechanism shaft , wherein the second drive mechanism comprises a gear mounted to an axially extending sleeve which engages the second mechanism shaft and which extends into the cutting element , wherein the axially extending sleeve defines an external surface profile which forms a threaded connection with a complementary profile defined by an internal surface of the cutting element . a tool housing having a longitudinal axis; a tool head having a longitudinal axis and being rotationally mounted to the tool housing ; a cutting element located within the tool head , wherein the cutting element defines a cutting profile and is configured to rotate independent of the tool head ; a first drive mechanism operable to rotate the cutting element ; and a second drive mechanism operable to control displacement of the cutting element radially with respect to a surface to be cut; wherein the first and second drive mechanisms are independently powered by first and second drive motors respectively; wherein the first drive motor is connected to the first drive mechanism by a first drivetrain which rotates a first gear in the tool head , wherein rotation of the first gear drives a first mechanism shaft , wherein the first drive mechanism comprises a disc gear defining a geared surface which engages with the first mechanism shaft , wherein the disc gear is rotationally fixed to the cutting element such that rotation of the disc gear by the first drive motor results in rotation of the cutting element ; wherein the second drive motor is connected to the second drive mechanism by a second drivetrain which rotates a second gear in the tool head , wherein rotation of the second gear drives a second mechanism shaft , wherein the second drive mechanism comprises a gear mounted to an axially extending sleeve which engages the second mechanism shaft and which extends into the cutting element , wherein the axially extending sleeve defines an external surface profile which forms a threaded connection with a complementary profile defined by an internal surface of the cutting element . <EOS>