Patent ID: 8113271

Claim:
A cutting tool for cutting a downhole tubular comprising: a cutting member selectively moveable between a stowed position within the housing and a cutting position in cutting contact with the tubular; a lubricant dispenser having a reservoir with lubricant stored therein; a lubricant discharge having an inlet end and a discharge end that is directed towards the cutting member when the cutting member is in the cutting position; and a lubricant shuttle valve assembly comprising: a valve body having a bore; a port through the valve body for communicating the lubricant with the bore, a shuttle member selectively moveable in the bore from a closed position to an open position, and a recess in an outer surface of the shuttle member that registers with the port when the shuttle member is in the closed position and when the shuttle member is in the open position, the recess registers with the port and the inlet end of the lubricant discharge, so that the lubricant reservoir and discharge end of the lubricant discharge are in communication.