Together, the two assets produced an average of 15,000 barrels of oil equivalent per day net to Hess in the first three quarters of 2013.
Hess will use the proceeds from this sale to continue repurchasing shares under its existing $4 billion authorization.
The agreements are subject to customary closing conditions and are expected to close before the end of the first quarter of 2014.
Hess is a global independent energy company engaged in the exploration and production of crude oil and natural gas.
