SPEED ACTIVATED CLOSURE ASSEMBLY IN A TUBULAR AND METHOD THEREOF

A tubular closure assembly responsive to speed or velocity of an object. The tubular closure assembly includes at least one sensor in operable communication with an interior of a tubular. The at least one sensor sensing an object passing a first point and then a second point within the tubular. A processor receiving an output from the at least one sensor and calculating speed of the object from the first point to the second point. A control panel receiving information from the processor and a closure system movable between an open condition and a closed condition. Activatable to the closed condition by the control panel in response to the object moving from the first point to the second point at speed faster than a preset value or at a velocity outside a preset range. Also included is a method of closing a tubular of a borehole.