Arsen - From Greek arsen which means "strong', "manly"(Latin Arsenius, French Arsene, Russian Arseniy etc.). It is in use now as well as the corresponding surname Arsenyan. Petrosyan - Petrosyan, Petrosian or Petrossian (Eastern Armenian), Bedrosian or Bedrossian (Western Armenian) is a common surname in Armenia.
It is a patronymic from the Armenian first name Petros (equivalent to Peter).