A multi-string well has an electric submersible pump (ESP) that can be removed without killing the well. A slotted liner is sealingly secured externally to casing and internally to a guide string that remains in the wellbore when the ESP is removed. A ported sub is part of the guide string and a concentric screen that can have instruments that moves relatively to the guide string can selectively allow flow in an annulus between them and to the ported sub or that annulus between the guide and concentric strings can be blocked off by manipulation of the concentric string to close the ported sub. With the lower portion of the well now blocked off, the wellhead can be removed so that the ESP can come out with the production string. The device has particular application to steam assisted gravity drainage (SAGD) systems as well as other downhole applications.