member also having at least one cutting arrangement disposed at the radially displaceable portion application_number US 67118107 A description a detailed description of several embodiments of the disclosed apparatus and method are presented herein by way of exemplification and not limitation with reference to the figures referring to fig1 and 2 a partial cross sectional view of an embodiment of the cutting tool 10 is illustrated the cutting tool 10 includes a tubular member 14 that has a radially displaceable portion 18 and a non radially displaceable portion 20 as illustrated in fig1 the radially displaceable portion 18 is in an unactuated configuration and as illustrated in fig2 the radially displaceable portion 18 is in an actuated configuration in the actuated configuration the radially displaceable portion 18 forms two frustoconical sections 22 and 26 the greatest radial deformation 30 of the tubular member 14 occurs where the two frustoconical sections 22 and 26 meet thus an annular flow area 34 is defined by the greatest radial deformation 30 and an outside surface 38 of the non radially displaceable portion 20 at least one axial groove 42 in the outside surface 38 forms a first fluid passage through which fluid can flow.