Exhibit 2.48
 EXECUTION VERSION
 SECOND SUPPLEMENTAL INDENTURE
 Second Supplemental Indenture th Company Trustee sociedade de
economia mista Petrobras
 W I T N E S S E T H:
 WHEREAS Original Indenture Indenture
 WHEREAS
 WHEREAS Registration Statement Offering Document Notes
 WHEREAS Guaranty
 WHEREAS




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WHEREAS
 WHEREAS
 WHEREAS
 NOW, THEREFORE,
 ARTICLE 1
 Defined Terms
 Additional Definitions
       2




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3




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4




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IFRS
  ARTICLE 2
 General
 Title
 Aggregate Amount pari
passu
 5




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Ranking pari passu
 Maturity Stated Maturity
 Interest: Interest Payment
Date
 Default Rate Default Rate
 Payment Account Payment Account
 6




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Form and Denomination
 Guaranty
 Rating
 Optional Early Redemption
 Early Redemption Solely for Tax Reasons
 7




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Conversion
 Amendments to Article Five Relating to Events of Default. Restated
Events of Default
  Events of Default
     8




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concordata
  9




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. Amendments to Article 10 Relating to Covenants.
 Statement of Officers as to Default and Notices of Events of Default
  Maintenance of Corporate Existence
  Additional Covenants Applicable to the Notes
 Use of Proceeds
 10




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Negative Pledge
  Currency Rate Indemnity
   Judgment Currency Denomination
 11




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Currency
  . Application of the Article of the Indenture Regarding Defeasance and Covenant
Defeasance.
 ARTICLE 3
 Execution
 Enforcement.
  Definition of the Term Securities.
 Taxes; Additional Amounts
 12




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ARTICLE 4
 Effect of the Second Supplemental Indenture.
 Governing Law
 Trustee Makes No Representation.
 Effect of Headings.
 Counterparts.
  13




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PETROBRAS INTERNATIONAL FINANCE COMPANYBy:Name:Title:PETRÓLEO BRASILEIRO S.A.  PETROBRASBy:Name:Title:WITNESSES:1.Name:2.Name:




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STATE OF NEW YORK
    
    
    ))
    
    
    ss:COUNTY OF QUEENS
    
    
    )
 
 
  Notary PublicCOMMISSION EXPIRES
 STATE OF NEW YORK
    
    
    ))
    
    
    ss:COUNTY OF NEW YORK
    
    
    )
 
 [Notarial Seal]Notary PublicCOMMISSION EXPIRES




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THE BANK OF NEW YORK MELLON, as TrusteeBy:Name:Title:WITNESSES:1.Name:2.Name:




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STATE OF NEW YORK
    
    
    ))
    
    
    ss:COUNTY OF NEW YORK
    
    
    )
 
 
 Notary Public




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Exhibit A
 Form of 7.875% Global Note due 2019
 GLOBAL NOTE




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PETROBRAS INTERNATIONAL FINANCE COMPANY
 7.875% GLOBAL NOTES DUE 2019
 
 
 Issuer Notes Second
Supplemental Indenture Trustee sociedade de economia mista Petrobras Original Indenture Indenture
 DTC
 Interest Payment Date




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PETROBRAS INTERNATIONAL FINANCE COMPANYByName:Title:WITNESSES:1.Name:2.Name:




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STATE OF NEW YORK
    
    
    ))
    
    
    ss:COUNTY OF QUEENS
    
    
    )
 
 
  Notary PublicCOMMISSION EXPIRES
 STATE OF NEW YORK
    
    
    ))
    
    
    ss:COUNTY OF NEW YORK
    
    
    )
 
 [Notarial Seal]Notary PublicCOMMISSION EXPIRES




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CERTIFICATE OF AUTHENTICATION
   The Bank of New York Mellon
As TrusteeBy:Name:Title:
    Authorized Officer




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Date:
    
    Your Signature:(Sign exactly as your nameappears on the face of this Note)




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Exhibit B
 [Form of Guaranty]