The thermodynamic analysis of deoxidation in molten coppyr by Fe has been made. Equilibrium oxygen solubility saturated with FeO in Cu-Fe-O system has been derived without and with consideration of the solute interaction between Fe and O. The derived relationship of oxygen contents with Fe has been compared with the experimental results done by Kulkarni and the minimum oxygen solubility could be predicted by a simple first order interaction method, Wagner model.