Retractable Cutting and Pulling Tool with Uphole Milling Capability

Cutter blades extend and stay extended as long as pressure on a piston is continued. The blades either open fully in open hole or cut through the wall of a tubular and then mill in an uphole direction to take out a piece of the tubular. The piston that held out the blades when pressure was applied is acted on by a return bias when the pressure is removed so that the blades can retract and the tool removed through the cut tubular. As a backup a plug can be dropped to obstruct a through passage in the piston so that pressure from the surface can be used to force the piston back to retract the blades. Continued drilling operations or the cut and milled portion can be then blocked off such as with cement for a plug and abandonment of the well.