Abstract:
A method, a device and a system for activating a running/setting tool are provided. The method includes: 1) detecting a wellbore condition at the running tool, 2) based on a signal from surface equipment received at the running tool, initiating an isolation of pressure below the running tool from pressure above the running tool, and 3) if the signal is not received at the running tool, initiating the isolation of pressure below the running tool from the above at a predefined time based on the wellbore condition.