—The goal of this study was to improve the high-resolution biostratigraphy of the Upper Jurassic and Lower Cretaceous in the type section on the Nordvik Peninsula, Anabar Bay, Laptev Sea. The results were used to identify a succession of 13 foraminiferal biostratigraphic units, 9 dinocyst units, and 8 palynofloral biostratigraphic units in the rank of zones and local zones. Based on new data, the stratigraphic continuity of this section is proved for the Lower and Middle Volgian, where a major stratigraphic hiatus was previously assumed. The established zones have variable correlation potential. Different versions of the subdivision of the section based on ammonites are discussed and the proposed scale is justified. A reference level based on calcispheres/calcareous dinocysts is defined providing global correlations and calibration of beds near Jurassic–Cretaceous boundary in the Tethyan and Arctic regions. The magnetostratigraphic subdivision of the studied section and its comparison with the Tethyan regions are discussed. Together with biostratigraphic data, the proposed δ13Corg curve in the Upper Jurassic and lower part of the Valanginian can be a tool for detailed correlations in different regions of the Northern Hemisphere. The cyclicity of carbon isotope composition in the Upper Volgian and Boreal Berriasian and isotope events in the Volgian and Lower Valanginian are determined within the Arctic region. The distribution of geochemical parameters (Corg, δ13Corg and hydrogen index) is determined in studied section, geochemical stratification of the section and variations in major oxide compositions are demonstrated. A sharp change in geochemical parameters is identified at the base of the Paksa Formation (Upper Volgian). The distribution interval of the “subsurface chlorophyll maximum” is determined. The study shows that high concentrations of isotopically light organic carbon in the first diasterene geochemical subhorizon were caused by high phytoplankton productivity and were deposited under reducing conditions favorable for preservation of organic matter. The analysis of major oxide compositions of the studied rocks revealed that variations in the chemical composition of the studied rocks reflect changes in their mineralogy and petrography.