Abstract: A wellbore system suitable for conducting pressure testing of wellbore equipment. The system comprises a casing and a pressure testing valve incorporated within the casing. The pressure testing valve further comprises a sleeve positioned within a housing and transitional from a first to a second position, and from the second to a third position. When the sleeve is in the first and second positions, the sleeve blocks a route of fluid communication via one or more housing ports. When the sleeve is in the third position the sleeve does not block fluid communication. The pressure testing valve is configured such that the sleeve transitions from the first position to the second position when a force in the direction of the second position is applied to the sleeve. When in the second position, a reduction of the force in the direction of the second position to the sleeve causes the sleeve to transition to the third position.

Abstract: A wellbore system comprising a casing, and a pressure testing valve incorporated within the casing and comprising a sleeve positioned within a housing and transitional from a first to a second position, and from the second to a third position, wherein, when the sleeve is in the first and second positions, the sleeve blocks a route of fluid communication via one or more housing ports and, when the sleeve is in the third position the sleeve does not block fluid communication, wherein the pressure testing valve is configured such that a force in the direction of the second position to the sleeve causes the sleeve to transition to the second position, and wherein the pressure testing valve is configured such that a reduction of the force in the direction of the second position to the sleeve causes the sleeve to transition to the third position.