UPDATE 1-Canadian Pacific train derails near Guernsey, Saskatchewan

(Adds statement from Canadian Pacific)

Feb 6 (Reuters) - Canadian Pacific Railway Ltd's freight train derailed near Guernsey, Saskatchewan early on Thursday, the railroad said, making it the second such accident in the same area in a span of two months.

A company spokesperson said CP was making "initial assessments of the incident" and does not have more details.

Media reports said http://bit.ly/3bjLi0z the train was possibly hauling oil, as the derailment, which took place more than 100 kilometers southeast of Saskatoon, had caused a massive fire.

"Emergency responders have been deployed to the site," the company said in an email to Reuters.

In December, a CP train hauling oil had derailed west of Guernsey, Saskatchewan. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)