He did not start with "an oxygen debt" (hypoxia), he started with a lot of CO2 in his blood, causing him a "short breath" (Hypercapnia). It is not the same thing, albeit you seem to confuse the two concepts. But a visual look separate them easily:
- hypoxia your skin is pale, you are weak, and you are not over-breathing
- hypercapnia you skin is red or even blue, and you breath very quickly.
In the video, his face is quite pinky!
Carrying a weight over a slope causes a lot of CO2, but does not burn too much oxygen...
All what happened later just made the CO2 retention to worsen...
But going deep provided him with A LOT of oxygen, which did not improve the situation, of course, as lack of oxygen had never been the problem.