A system for forming an upper plug in a well, the system, comprising lower tool segment that is adapted to land within a wellhead housing under open water conditions, a well control package that is adapted to be positioned above the lower segment and coupled to the wellhead housing, the well control package comprising at least one seal ram, an upper tool segment that is adapted to be positioned through the well control package (i.e., after the well control package has been attached to the wellhead) and operatively coupled to the lower tool segment, wherein at least one seal ram of the well control package is adapted to engage an outer surface of the upper tool segment, and at least one cutting means that is coupled to the lower segment and adapted to be actuated to cut at least one opening in at least one section of casing within the well.
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