Patent ID: 8261828

Claim:
A cutting tool for cutting a downhole tubular, the cutting tool comprising: a housing; a cutting member having a stowed position within the housing and a cutting position in cutting contact with the tubular; lubricant stored in a reservoir in the housing; a lubricant dispensing system having an inlet in fluid communication with the reservoir; an exit on the lubricant dispensing system that is sealed when the cutting member is in the stowed position, and opened by moving the cutting member into the cutting position, so that when the cutting member is in the cutting position lubricant can flow from the reservoir, through the lubricant dispensing system, and from the exit into the space between the cutting member and the downhole tubular; and a conveyance member suspended from the surface and comprising a lower end attached to the housing, a motor in the housing coupled to the cutting member, and an anchor coupled with the housing, and selectively positioned in a deployed configuration in anchoring contact with the tubular.