By Arathy Somasekhar and Amanda Stephenson

HOUSTON, June 30 (Reuters) - South Bow and Bridger ‌Pipeline plan to jointly develop a ‌new pipeline project from Guernsey, Wyoming to Cushing, Oklahoma, ​Canada's South Bow said in an emailed statement on Tuesday.

The project will be developed along a corridor acquired from another company, South ‌Bow said.

The Bridger ⁠and South Bow project teams are currently working on the details ⁠of the project and will provide additional information as it becomes available, the companies said, ​adding that ​their first priority ​was to engage ‌landowners and communities along the proposed route.

The two companies have proposed an Alberta-to-Guernsey, Wyoming oil pipeline that could increase Canada's crude exports to the U.S. by more than 12% ‌if it goes ahead, ​bringing much-needed pipeline takeaway capacity ​to Canada.

However, ​analysts have said Guernsey is not ‌an end market for ​crude oil, ​so additional links would need to be built to transport oil to refining ​hubs such ‌as Cushing, Oklahoma.

(Reporting by Arathy Somasekhar in ​Houston and Amanda Stephenson in Calgary; ​Editing by Liz Hampton)