Search Problem

Greetings,
I have a file as below

LobFile.txt

1|Charles|test.001.0.1313|123|test.001.0.1423
1|Charles|test.001.1313.3415|243|test.001.1423.3423

Here exp.001.0.1313 and others like it, is a file name with exp.001 as
the name of the file
and 0 as the starting and 1313 as the ending byte position.
This file name appears randomly in many places within the main
file(LobFile.txt)
having exp.001 as common name with all.

I know the grep command can give me those lines where this name appears
but then I don't know at which position within the line that word
appears because I need to go to that position in order to fetch and
make some modification to that name.

I just need a way to line by line search the entire file, fetching that
name whenever it appears, making some modifications and moving further.


I hope I made myself clear. Any help will be appreciated.

TIA

.

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