The rheometer cavity has been chosen to analyze, in carefully controlled exposure conditions, the PET macromolecular changes generated during its mechanical recycling by extrusion. Isothermal ageing experiments at 280 C, under constant or variable oxygen partial pressures (between 0% and 21% of the atmospheric pressure), have allowed us to establish that two types of oxidative macromolecular changes take place successively in an extruder reactor. Chain scissions predominate in the "strongly oxygenated" zones (at the feeder and die), whereas chain couplings (mainly chain branching) predominate in "poorly oxygenated" zones (in the middle of the reactor). Thus, it appears that the relative predominance of both types of modifications is closely related to the extruder geometry and size (in particular, the feeder and die sections and the screw length). A kinetic model of thermal ageing of molten PET has been built to check these assumptions. It describes satisfyingly all the rheometric results obtained in the present study.