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CONTRACTUAL OBLIGATIONS (Tables) | 12 Months Ended
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Dec. 31, 2019
CONTRACTUAL OBLIGATIONS [Abstract] |
Contractual Commitments | As of December 31, 2019, the Company had the following contractual commitments:
|  | Estimated maturity date |
|  | Total |  |  | Due less than one year |  |  | Less than one year |  |  | 1-2 years |  |  | 3-5 years |  |  | More than 5 years |
Financial indebtedness (1) |  |  | 42,089,583 |  |  |  | - |  |  |  | 3,048,790 |  |  |  | 6,063,863 |  |  |  | 32,976,930 |  |  |  | - |
Purchase obligations (2) |  |  | 7,358,968 |  |  |  | - |  |  |  | 842,255 |  |  |  | 6,516,713 |  |  |  | - |  |  |  | - |
Financial Leases |  |  | 3,046,173 |  |  |  | 90,363 |  |  |  | 447,976 |  |  |  | 896,074 |  |  |  | 896,074 |  |  |  | 715,686 |
Total |  |  | 52,494,724 |  |  |  | 90,363 |  |  |  | 4,339,021 |  |  |  | 13,476,650 |  |  |  | 33,873,004 |  |  |  | 715,686 |
(1) Corresponds to the cancellation of principal and interest of the financial indebtedness. For further information, see Note 13. (2) Corresponds to purchase of natural gas contracts for the processing of liquids.

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