Wave attenuation in a diffuse marginal ice zone (MIZ) is thought to be mainly a result of wave scattering. In a compact MIZ, additional physical factors are thought to be relevant. In this paper, we propose that viscous drag, form drag and energy lost to internal waves under the ice play a role in attenuating wave energy. We derive a relation for the wave attenuation due to drag. We combine the drag attenuation coefficient with the scattering attenuation coefficient and compare the result to experimental results for compact MIZs. We find that the combined scatter and drag (CSD) model improves the rate of decay of wave attenuation in compact ice fields, but fails to predict the ‘rollover’ seen at short periods.