A method of deploying a tool in a wellbore includes installing a tool body at an upper end of a tubular string extending from a wellbore, the body having at least one control line groove formed on its outer surface with the at least one control line housed therein. The method also includes providing an assembly strung on the at least one control line. The assembly includes an element with at least one ring on each end thereof; at least one ring on each end of the element; a locking ring at an upper end of the assembly. The method further includes installing the assembly over the body to house the at least one control line between the body and the assembly.