An electrically operated actuation tool for a subsea completion system component having at least one hydraulically actuatable mechanism comprises an electric motor, a hydraulic pump which is driven by the motor and at least one hydraulic line which communicates between the hydraulic pump and a corresponding hydraulic conduit that is fluidly connected to the mechanism. The cermet includes a hard phase including compounds containing Ti, at least one metal other than Ti selected from groups 4, 5, and 6 of the periodic table, and at least one element of carbon and nitrogen, a binder phase including, as a main component, an iron group metal, and unavoidable impurities. The method consists of using the tool body to apply a pushing force or compressing operation directly to the magazine follower and thereby compressing the follower and the magazine spring.