For a variety of applications of microbubbles, it is necessary to clarify the dissolution dynamics and the lifetime of a microbubble. Although various models have been proposed, predicting the dissolution rate of a microbubble in a static fluid with a surfactant is still difficult. In this study, dissolution behavior was predicted with taking into account the mass transfer inhibition effect due to a surfactant at the bubble surface. The shrinking behavior of an oxygen microbubble was observed with several surfactants and the experimental results were in good agreement with model predictions.