Subsurface safety valve lock out and communication tool and method for use of the same

A lock out and communication tool for insertion into a tubing retrievable safety valve having a flow tube and a non annular hydraulic chamber in a sidewall portion thereof, the tool comprising:

• a first section and a second section that are initially coupled together, the second section engagable with the flow tube to hold the safety valve in a valve open position;
• a set of axial locating keys operably attached to the first section that is engagably positionable within a profile;
• and
• a radial cutting device radially extendable through a window of the second section, the radial cutting device being axially and circumferentially alignable with the non annular hydraulic chamber when the first and section sections are decoupled.

A lock out and communication tool for insertion into a tubing retrievable safety valve having a flow tube, a pocket and a non annular hydraulic chamber in a sidewall portion thereof, the tool comprising:

• a first section and a second section that are initially coupled together, the second section engagable with the flow tube to hold the safety valve in a valve open position;
• a set of axial locating keys operably attached to the first section that is engagably positionable within a profile;
• a radial cutting device radially extendable through a window of the second section;
• and
• a circumferential locating key operably attached to the second section that is engagably positionable within the pocket of the safety valve when the first and second sections are decoupled, thereby circumferentially aligning the radial cutting device with the non annular hydraulic chamber.