Patent 8973663 was granted and assigned to Halliburton on March, 2015 by the United States Patent and Trademark Office.
According to one embodiment, a recirculation safety valve is disclosed. The valve has a tubular body with mandrel that is axially shifted in response to annulus pressure. Shifting of the mandrel can either close a safety valve or close a safety valve and open a recirculation port. The valve has an annular actuation chamber that relieves that pressure to prevent inadvertent shifting of the mandrel.