i assume you mean if heating FeO in air will further oxidize it to Fe2O3? YES it will.
thermodynamics will provide the equilibrium oxygen partial pressure:
2Fe2O3 = 4FeO + O2(g)
K_rxn = pO2 / p_total
one method to pin oxygen partial pressure is to flow an inert gas through a mixture of Fe2O3 and FeO powders, which can set the oxygen partial pressure flowing over your sample. just ensure you have a large excess of powder relative to the number of moles of oxygen that might need to be absorbed or released, and that the powders are held at a temperature where the reaction kinetics are fast (but not so high that the powders sinter and coarsen, else you lose surface area and decrease kinetics)